The dark horse of the Solana ecosystem, MET, has completely gone wild! It surged 21% in 24 hours!
FDV has finally broken the $3 billion mark, with a net inflow exceeding $10 million in a single day. From the low point after its launch to now rising to $0.3, this strong V-shaped reversal has pushed MET to the third spot on the capital inflow list, becoming the brightest star in the field.
The community is now fully engaged, with discussions about MET all over social media, and FOMO emotions are overflowing. However, the rational old players are starting to be cautious, as the price is nearing the expected peak from the early days of the launch. Many early investors are staring at their screens, ready to take profits in batches. The market is in a fierce game of struggle between the desire to rush in and the fear of being left holding the bag.
Technical analysts are optimistic about MET because its protocol revenue and activity levels are indeed strong, setting new highs in the ecosystem; but conservatives worry that the indicators are already overbought, and the long leverage is too tight. Once large holders cash out or unlock, there might be significant downside pressure. This situation of high returns coupled with high volatility makes MET's technical movements look like dancing on a tightrope.
The reason MET can be so popular this time is that its DLMM function is indeed useful, providing real benefits to institutions and liquidity providers. The current rise is supported by fundamentals, but it also contains a lot of speculative hype. While everyone is optimistic, be careful not to blindly go all-in at this point, as those who are taking profits might surprise you with a “gift” $MET #met
