Key Takeaways
- Meteora spent $10 million USDC to repurchase MET tokens, acquiring 2.3% of total supply.
- The strategy aims to increase revenue, control costs, and enhance tokenholder value.
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Meteora, a Solana-based decentralized finance protocol, announced it spent $10 million USDC in Q4 2025 on $MET buybacks. The purchases were made from a single wallet, accumulating 2.3% of the token’s total supply since launch.
The protocol stated it will continue discretionary buybacks from the same wallet address from now on, while focusing on revenue growth, cost optimization, and transparent reporting.
As part of a broader effort to tie the $MET token to product utility, Meteora also introduced Comet Points. This new consumable point system rewards users for staking $MET and interacting with the platform. Comet Points will be redeemable for benefits such as airdrops, presale access, an off-chain rewards store, and LP coaching services.
The team said the new system is designed to evolve with community input, unlocking additional utility and engagement opportunities for the Meteora ecosystem.