Meteora Executes $10 Million MET Token Buyback, Introduces Comet Points Rewards

The platform repurchased 2.3% of MET supply in Q4 2025 and launched a rewards system offering benefits like airdrops, presales, and shopping credits.

USDC

Summary

Meteora conducted a $10 million buyback of MET tokens (2.3% of total supply) in Q4 2025, using USDC stablecoins. The purchases were made from a single wallet which will be used for future buybacks. Alongside this move, Meteora introduced the Comet Points system that allows users to earn points by staking MET tokens (locking MET to earn rewards) and engaging with Meteora's products. Points can be redeemed for benefits including airdrops, presales, shopping-related credits, and mining guidance services.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin used for transactions and trading in the crypto market.
  • staking: Locking cryptocurrency in a network or platform to receive rewards or benefits.
  • airdrop: A distribution of cryptocurrency or tokens to users, often free, as part of marketing or community rewards.