Meteora Expands Buyback Program With New $1.5M Purchase

Meteora, a Solana-based decentralized finance (DeFi) platform with MET as its native token, has expanded its buyback program, showing a strong commitment to long-term value and market stability. The company noted that since December 12, 2025, an additional 1.5 million USDC has been deployed to acquire MET tokens from the open market.

According to a recent X post, the latest purchases totaled roughly 5.9 million MET tokens. The report stated that the transactions were done through approved market makers. This will help reduce sudden price movements and maintain orderly and healthy trading conditions.

Roughly 12M on MET Tokens Buyback

Interestingly, the recent buyback adds to the project’s accumulation. According to the announcement, the platform has spent over 12 million USDC to buy back MET tokens. So far, 28,955,175 MET have been repurchased from circulation. This amount represents around 2.9 percent of the token’s total supply.

Token buybacks are often seen as a positive signal by investors. It reduces the token supply and boosts investor confidence. In other words, by significantly reducing the number of tokens available on the market, buybacks can limit selling pressure and support price stability over time.

While this strategic move does not guarantee price growth, it shows strong confidence from the project team in the token’s future. The use of market makers is also an essential detail for these purchases.

For further clarification, market makers help prevent large transactions from causing sharp price swings. As such, it shows that the project does not only aim for token buybacks, but also to protect market liquidity.

Nearly 3% of MET Supply Removed

The latest MET buyback program is part of a broader strategy to strengthen the token’s position in the market. Almost 3% of the supply is already repurchased. This is starting to show results. Continued buybacks could further reduce supply over time.

Following the announcement, the MET token has either surged or declined. However, the crypto asset was down 27.2% in the last few days and 28% in over 2 weeks at the time of writing, according to data from CoinGecko.

Initially created in 2021 as Mercurial Finance, the DeFi platform was rebranded in 2023. The MET crypto token was officially launched in October 23 this year with total supply of over 997.736 milli METon MET and max supply 1 billion. At launch, roughly 48% of the MET supply entered circulation. 

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