It’s frustrating to see a vocal group of farmers, who will likely dump far more than the MER allocated group, use threats and FUD to push the team into reducing MER’s share.
For context, my MET will be split roughly 50/50 between the MER allocation and LP’ing, so I’m not just an OG who never used the product.
I get that today’s degen meta doesn’t always value longer-term investing. I tend to keep only a handful of positions. I chose Mercurial early because I saw the quality amid dozens of similar protocols—and I was right about the team. (I made a similar call on Solend back in 2021, and they’re still here.) Mercurial had its issues, but the team rebranded and built Meteora.
They’ve executed exceptionally well. That said, giving retail MER holders less than 5% is disappointing. I understand the logic: it quiets the largest cohort and only upsets a small group of 2021 holdouts. Still, it stings. This is mostly a rant—I don’t expect it to change anything, and I’m sure the loud farmers will celebrate—but I wanted to put it on record.
Greedings from Greece,i am new here just now.i dont know if i will receive the MET airdrop.but if i will receive 50% goes to lauching pool and 50% to claim.
And then you let noise persuade the team to reduce the MER supply. This was a poor move from a top protocol.
Gave yappers that posted a couple tweets, with barely any followers, 10K MET allocations. https://x.com/FourVork/status/1978904755960152348
Yet an OG who believed in the team early, put 5 figure’s into MER in early 2022 and held, had 6 figure positions on Mercurial, and yes I used Meteora too. Yet my MER allocation is only slightly (2.7x) higher than the allocation someone with 200 followers get for two tweets!
Price is in the gutter, and many are still waiting to sell.
I love the product and the teams ability.
But there’s been some very poor decisions made from the team.
Retail MER holders got shat on.
Early investors (not retail) and the team still done well.
There MER was locked, and they have huge amounts due to little to no cost (none for team, little for early investors).
No loyalty from the farmers.
The team tried to keep the loud LP army happy, but as expected, the majority are dumping, moving onto the next pre TGE.
No loyalty from ‘contributors’.
2% to a small group of yappers, some getting 10K MET for two posts.
We’ve seen with Kaito and Cloud’s earnest drop that yappers have no loyalty, they do it to get tokens and move onto the next pre TGE.
Toxic participants (ruggers and token creators) were the real winners.
$4M MET airdropped to three addresses involved with the TRUMP token team.
Team punishes retail MER holders, while looking after the toxic participants, and then wonders why there’s no one left to hold.
*FLEX