CandleFocus

Can Meteora kill Pump.fun with its stealth token launch?

Author: Content Editor
Meteora has introduced M3M3, a new project aimed at improving the sustainability of meme coins by implementing a staking mechanism. The platform launched the M3M3 token as a test and it quickly gained traction in the crypto community. M3M3 aims to address the challenges faced by meme coins, such as rug pulls and lack of long-term value. The staking model incentivizes token holders to stake their assets, reducing selling pressure and promoting stability. The platform's success has led to a listing on the MEXC exchange. However, there are concerns about the platform's reliance on staking and the potential exclusion of smaller investors. The launch sparked debate, with some critics questioning the lack of transparency and alleging insider control. Overall, opinions on the launch range from commendation to harsh criticism.

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