Meteora (MET)

🚨 8 tokens where buybacks outpaced circulating supply growth since Jan. 2026 When a project buyback tokens it's trying to offset new supply entering the market. But when supply grows faster than the buyback, it barely makes a dent. Take Meteora as an example. Its circulating supply went from 472.8M on Jan. 1, 2026 to 535.4M today, up 13.2%. Over the same period, it bought back 336.2M tokens worth $45.75M, equal to 71% of its Jan. 1 supply. Meteora bought back far more tokens than its supply grew by. The same pattern shows up across these projects: • $MET - Buybacks: 71% | Supply growth: +13% • $PUMP - Buybacks: 7% | Supply growth: -24% • $GMX - Buybacks: 21% | Supply growth: +1% • $RLB - Buybacks: 10% | Supply growth: -8% • $MPLX - Buybacks: 8% | Supply growth: -8% • $HYPE - Buybacks: 3% ($283M) | Supply growth: -11% • $LIT - Buybacks: 1% | Supply growth: 0% • $AAVE - Buybacks: 1% | Supply growth: +1% Key Insight Hyperliquid recorded the largest buyback program by value ($283M), but Meteora's buybacks had the biggest impact relative to its circulating supply.

MC / Ann Rev experiment: Week 3 Update Three weeks ago, I bought $1,000 of each asset with a low MC / annualized revenue. Last week the profit cooled to +$688. This week it more than doubled. - Original basket: $10,000 invested - Current PnL: +$1,550.43 - ROI: +15.5% ORE and MPLX both flipped from red to green this week, and PUMP got back most of last week's loss. The new addition, MAPLE, more than made up for GMX's idle price action. Will pull the plug for @helium (HNT) next week. Gave it many chances, and I'm not gonna let it ruin the fun I'm having so far. In all honesty, this metric might be a hidden gold mine.

breakout imminent on $met https://t.co/ghDKHq7L1w

$MET $LIT and $SYN all have kind of similar charts where they're chopping near the local highs. LIT looks the strongest of these in terms of buying this area but SYN is still one to also focus on later https://t.co/5tYKwQ7KXZ

nice contracting pa on $met 4h here, not long b4 this breaks up imo https://t.co/OuONsYQo2A

Most people see Meteora as a DEX. It's the liquidity layer Solana quietly runs on. > @MeteoraAG lets anyone provide liquidity (deposit a pair like SOL and USDC) and earn fees on every trade. • 90% of fees go to the liquidity provider • 10% goes to the protocol > You can place Limit Orders on any token & earn ~50% of swap fees on fills, first on a Solana AMM > $MET staking is coming soon (End of Q2) Stake $MET, get a code, earn from your referred volume, paid in USDC. 1. TOKENIZED EQUITIES When SpaceX IPO'd, $SPCX went live on Solana the same day, liquidity seeded by Meteora. Micron ($MU) days later. • Tokenized stocks trade on Meteora's DLMM pools, paired vs USDC and SOL • Solana tokenized equities just did $1B+ in a single week 2. THE LAUNCHPAD ENGINE Not the loudest launchpad, the infrastructure they're built on. • Its Dynamic Bonding Curve powers Believe, BAGS, and Jupiter Studio • Captures ~20% of launchpad trading fees • Earns regardless of which launchpad wins 3. $MET is very undervalued. Here is why: · MC ~$80M · FDV ~$150M > FINANCIALS • ~$40M treasury ($32M USDC + $5M SOL), ~53% of market cap • ~$18M net cash flow in Q1 • $114B lifetime volume • $640M lifetime fees • 4.5% of $MET supply bought back (~$13M) The LP Army is just getting started. NFA, DYOR.

MC / Ann Rev experiment: Week 2 Update Two weeks ago, I bought $1,000 of each asset with a low MC / annualized revenue. Last week, the portfolio was up $960. This week, profit cooled down a bit, but the experiment is still green: • Original basket: $10,000 invested • Current PnL: +$688.10 • ROI: +6.9% The gains are still mostly from MET, CARDS, and AERO, which are all up more than 40% each. I also added two new assets to the experiment this week: GMX and MAPLE. That brings the total invested amount to $12,000, but I’ll track them separately next week since they were added at the current snapshot. HNT and PUMP are the biggest drags so far. Let's see if that changes.