My main takeaways from all the Meteora announcements at MetDhabi: - they're well capitalized - have a real business model - have real products that people actually use - are thinking about how to grow the ecosystem (LP coaching...innovative imo) - are operating cleverly (business-side that is revenue driven || research/open-source side that is bounty driven) - Have seen successful token models and are drawing from all of them (discretionary revenue-funded buybacks || staking native token for points/allo to airdrops - aka the BNB model) The token got smoked in the last 24 hours, but that's fine imo. Outside of majors, you want to be holding tokens that generate meaningful revenue in the underlying business and have a plan to support the token via a portion of the revenue. This checks that box for me, so I'm happy to keep that longer horizon bet on value appreciation when Solana DeFi catches a bid. I've been a multi-year Meteora user (shoutout to my guys Mario and Narko) and partnered up with them a few months ago because I love the tech and think they're a valuable part of the Solana eco. I'll happily continue covering everything they develop.

My contrarian opinion is Solana DeFi is extremely undervalued atm. You have some of the absolute best developers constantly shipping new tooling suites and primitives on the SVM, but all of the tokens are valued like shitters. If DeFi really does catch a bid in the post-Clarity Act world, it’ll be tokens for the best products that win (assuming regs do indeed allow for value accretion). I still have basically all of my MET airdrop (some got sized out on the initial NFT LP at 550m) - I’m happy to keep that bet on long term growth of one of my most used Solana protocols.

This has gotta be one of the most insane token launches we’ve seen this year no? 10c to $4.50 back to 30c in like 12 days? wtf https://t.co/EfyxaAvypr