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Meteora executes $10M MET buyback as part of revenue and value growth strategy

Crypto Briefing
Meteora spent $10 million USDC to buy back $MET tokens, acquiring 2.3% of the total supply to boost tokenholder value.

Summary

Meteora, a decentralized finance protocol on Solana, announced it utilized $10 million USDC in Q4 2025 to repurchase $MET tokens, accumulating 2.3% of the total supply from a single wallet. This buyback is part of a strategy focused on increasing revenue, optimizing operational costs, and strengthening returns for tokenholders, with discretionary buybacks continuing from the same address. Furthermore, Meteora introduced Comet Points, a new consumable point system designed to reward users for staking $MET and interacting with the platform. These points can be redeemed for benefits like airdrops, presale access, and other ecosystem rewards, aiming to tie the $MET token more closely to product utility and enhance community engagement.

(Source:Crypto Briefing)