How Does On-Chain Data Analysis Reveal Whale Activity in Meteora (MET) Token Distribution?

Active addresses surge with 71,000 airdrop claims

Meteora's recent MET token airdrop has triggered an unprecedented surge in active addresses, with 71,000 claims registered. However, the distribution pattern reveals significant centralization despite the high number of participants. On-chain data analysis exposes a stark contrast between whale addresses and retail users.

The distribution inequality becomes clear when examining the allocation percentages:

This concentration of tokens has raised concerns within the community, particularly as controversial addresses were identified among major recipients. Three addresses associated with the TRUMP token team received airdrops worth $4.2 million, triggering allegations of insider favoritism.

The centralization observed in Meteora's airdrop distribution contradicts its stated "community-first" principles. With nearly 50% of the total MET supply in circulation and a fully diluted market cap approaching $490 million, the concentration of wealth in so few hands raises questions about the project's decentralization claims. The data suggests that despite the impressive number of participating addresses, the economic benefits have disproportionately flowed to a privileged few, potentially impacting MET's price stability and governance structure.

Four whale addresses claim 28.5% of 161 million airdropped tokens

Meteora's recent airdrop of MET tokens has sparked significant controversy in the crypto community due to its highly skewed distribution pattern. On-chain data analysis as of October 24 revealed a troubling concentration of wealth, with just four whale addresses claiming 45.94 million tokens—representing 28.5% of the 161 million total airdropped tokens.

The distribution inequality becomes even more apparent when examining how retail investors fared:

Further exacerbating concerns, the airdrop included controversial figures linked to questionable practices. Addresses associated with Trump token insider trading received airdrops worth $4.2 million, while Hayden Davis, a central figure in the LIBRA scandal, received approximately $1.5 million worth of tokens. One particularly suspicious address received a massive 10 million token allocation, raising questions about the legitimacy of the claiming process.

This distribution pattern undermines Meteora's self-proclaimed "community-first" philosophy and has triggered discussions about potential class action lawsuits. The situation serves as a cautionary tale regarding transparency and fairness in token distribution mechanisms within decentralized finance projects.

Single entity receives $10 million worth of MET tokens

Blockchain analytics firm Bubblemaps recently identified a significant concentration risk in the Meteora (MET) token ecosystem. On October 23, their analysis revealed a single entity had claimed approximately $10 million worth of MET tokens from a recent airdrop. This activity has sparked immediate concerns regarding distribution fairness and potential market manipulation. The entity was linked through connected wallet addresses 3vAauD and 2zVx7U, which claimed over $7 million and $2 million respectively.

This concentration is particularly concerning given that statistics indicate approximately 161 million MET tokens had been distributed through roughly 71,000 transactions. Four large addresses, including those identified by Bubblemaps, received approximately 45.94 million tokens, accounting for 28.5% of all airdropped tokens. This level of concentration could potentially impact MET's price dynamics and liquidity, especially concerning since the token has already experienced significant volatility, trading between $0.43 and $0.63 since its listing.

FAQ

What is met coin?

MET is a cryptocurrency built on the Solana blockchain, offering fast and low-cost transactions. It's designed for Web3 applications and available for trading.

What is the Donald Trump crypto coin?

The Donald Trump crypto coin (TRUMP) is an Ethereum token launched in 2025, associated with Trump's brand. It's primarily used for speculative investment in the crypto market.

Which coin will give 1000x?

MoonBull ($MOBU) shows the highest potential for a 1000x return, based on recent market trends and expert analysis.

What is met in crypto?

MET is the native token of Metronome, a cryptocurrency project designed to enhance decentralization. It operates across multiple blockchains, utilizing smart contracts to support its ecosystem.