Saturday, October 25, 2025
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Solana DeFi Project Mercurial to Relaunch as ‘Meteora,’ Replace MER Token

When, hours after FTX Group declared bankruptcy in November, a hacker sacked the exchange’s ruins, they also snagged a major haul of MER tokens then worth $800,000. That heist gave Mercurial’s team a pretext to revamp the entire protocol, Chow said. (The hacker’s address is being blacklisted from the airdrop,

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DeFi Project Mercurial Plots Revamp and New Tokens Following ‘Toxic’ Association With FTX

“In summary, the only liquid tokens in the market came from Alameda Market Making (3%), IEO/IDO participants (0.3%), private investors (1.6%) and the liquidity mining rewards for our stable pools,” the team stated. This created constant sell-side liquidity for MER tokens on the open market, which is now deemed detrimental

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