Meteora Introduces Phoenix Rising Plan with Full Token Unlock at TGE

Edyme

October 7, 2025

Under the Phoenix Rising framework, 48% of $MET’s circulating supply will be unlocked at TGE, a percentage significantly higher than recent Solana token launches

Meteora, a decentralized exchange (DEX) and liquidity protocol built on Solana, has announced the Phoenix Rising Plan, a new initiative tied to its Token Generation Event (TGE).

The plan centers on making every stakeholder liquid by fully unlocking allocated tokens from the start, with no vesting schedules or inflationary emissions. According to the project team, this approach is designed to give $MET, Meteora’s native token, the best chance to achieve broad distribution and utility from day one.

Token unlocks and distribution structure

Under the Phoenix Rising framework, 48% of $MET’s circulating supply will be unlocked at TGE, a percentage significantly higher than recent Solana token launches such as Jupiter (13.5%) and Hype (33.4%). The allocations cover a wide range of community stakeholders, including:

20% for Mercurial stakeholders under the earlier Meteora Plan
15% for Meteora users through the LP Stimulus Plan
3% for launchpads and launchpool ecosystems
2% for off-chain contributors who supported growth
3% for Jupiter stakers through a stimulus package
3% for centralized exchanges, market makers, and other participants
2% for M3M3 stakeholders

The Meteora team itself will remain locked, with 18% of supply vesting over six years. Another 34% is reserved for long-term ecosystem development, also under a six-year vesting schedule.

This structure, Meteora said, avoids the constant token unlock overhang that can pressure markets while still ensuring funding for protocol growth.

Liquidity distributor and community focus

The Phoenix initiative also introduces a new Liquidity Distributor mechanism, a way of distributing airdrops as liquidity positions rather than traditional claims.

This allows recipients to earn trading fees while gradually exiting positions, rather than having to sell tokens immediately. At launch, 10% of supply will be distributed using this method.

Meteora emphasized that the team will not sell tokens during the TGE, focusing instead on community liquidity. “Our single goal with this LGE is to maximize the MET going to the hands of believers,” the announcement read.

By turning all stakeholders liquid from the beginning, the project is aiming to create stronger alignment between its long-term mission and its user base.

The team framed Phoenix as a step toward building a more accessible financial ecosystem on Solana, with $MET positioned as the foundation. As Meteora put it: the choice for stakeholders now is whether to remain spectators or actively help shape the protocol’s future.