Meteora's $20M fee surge fuels 18% rally – But MET's next leg faces THIS hurdle

What happened

Meteora's $20 million fee surge fueled an 18% rally in its token, MET. However, for the rally to continue, the Spot Market Netflow, which tracks whether more tokens are entering or leaving exchanges, would need to shift toward outflows.

Confirmed

Global impact / market context

This matters because a fee surge shows growing use of the platform, which can boost revenue. However, if netflow stays positive, meaning more MET is entering exchanges for sale, it could increase supply and pressure the token's price down, potentially slowing investor gains.

Analyst inference

In the crypto market, a token's price often depends on supply and demand. When fees rise, it signals strong activity, but a surplus of tokens on exchanges can create selling pressure. Investors should watch whether MET leaves exchanges, reducing available supply, to gauge if the rally has staying power.

Analyst inference

What to watch

1. Watch whether Spot Market Netflow shifts toward outflows, as the article states this is needed to support a sustained MET rally. This is the key hurdle identified. Confirmed
2. Consider monitoring exchange balance data for MET to confirm whether tokens are actually leaving exchanges, which would reduce sellable supply and potentially support further price gains. Proposed
3. Assess if the $20 million fee surge continues, as rising fees typically indicate sustained platform usage, which could naturally reduce available token supply through increased demand for services. Analyst inference

Affected assets

• MET — Meteora

Evidence

• ambcrypto.com