Meteora (MET) Surges 24% as Trading Volume Explodes
Meteora $MET has jumped over 24% in the past 24 hours, trading near $0.18 as a massive surge in trading activity fuels the rally. The token’s volume has skyrocketed by more than 2900%, crossing $200 million and signaling intense market participation.
The extremely high volume-to-market cap ratio above 220% suggests aggressive buying pressure, often seen during breakout rallies or speculative momentum phases. With over half of its total supply already in circulation, MET is experiencing strong liquidity inflows that are pushing prices higher.
The rally may also be linked to growing interest in emerging DeFi and blockchain projects, where mid-cap tokens attract short-term capital. However, such rapid gains typically come with elevated volatility, and traders should remain cautious of potential corrections after sharp upward moves.