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Meteora’s co-founder resigned from his leadership role due to his part in the MELANIA launch. Now wallets linked to it just received an airdrop of $1.2 million in MET.
💡 DMK Insight
Meteora’s co-founder’s resignation raises eyebrows, especially with a $1.2 million MET airdrop just hitting wallets. This situation is a classic case of potential insider trading or mismanagement, which could shake investor confidence. Traders should be wary of the volatility that often follows such leadership changes, especially in projects tied to significant financial movements like this airdrop. If MET starts to see increased selling pressure, it could signal broader concerns about the project’s stability. Keep an eye on trading volume and price action over the next few days; a spike in either could indicate how the market is digesting this news. On the flip side, if MET holds its ground or even rallies, it might suggest that investors are looking past the drama, which could set up a buying opportunity. Watch for key support levels to hold, as breaking below them could trigger further sell-offs. Overall, the next week will be crucial for gauging market sentiment around Meteora and its future prospects.
📮 Takeaway
Monitor MET’s price action closely; a break below key support could signal deeper issues, while stability might present a buying opportunity.
