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Meteora originated from the renaming of Mercurial Finance after the FTX collapse, with its token MET issued through a token generation event on October 23, 2025. The token adopts a tokenomics model with 43% initial circulating supply and the remaining vesting over six years, allowing users to opt into providing liquidity immediately via a unique 'Liquidity Distributor' airdrop mechanism, and relies on dynamic liquidity market maker technology to achieve concentrated liquidity and dynamic fee adjustments.