Important points
- Meteora spent $10 million USDC to buy back MET tokens, gaining 2.3% of the total supply.
- This strategy aims to increase revenue, control costs, and increase value for token holders.
Meteora, a Solana-based decentralized finance protocol, announced that it spent $10 million USDC on $MET buybacks in Q4 2025. Purchases were made from a single wallet, accumulating 2.3% of the total supply of the token since launch.
The protocol states that it will continue to conduct voluntary buybacks from the same wallet addresses going forward, with a focus on revenue growth, cost optimization, and transparent reporting.
As part of a broader effort to tie $MET tokens to product utility, Meteora also introduced Comet Points. This new consumable points system rewards users for staking $MET and interacting with the platform. Comet Points can be redeemed for benefits such as airdrops, pre-sale access, off-chain rewards store, and LP coaching services.
The team said the new system is designed to evolve with input from the community and bring further utility and engagement opportunities to Meteora’s ecosystem.
