Meteora price surges 14% – Can rising TVL sustain MET’s rally?
Meteora (MET) surged 14%, driven by strong capital inflows and protocol performance. The rally is supported by a significant $55.53 million increase in Total Value Locked (TVL) over 23 days, signaling bullish long-term sentiment. DEX trading volume nearly doubled to $195.3 million, and protocol revenue approached $1 million in under 48 hours, with Meteora leading Solana DeFi in fee generation. While Holder Income has declined sharply, perpetual market data shows a slightly bullish Funding Rate, indicating optimistic but not overextended trader positioning. These factors create a foundation for potential continued upside.
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