Talking about a mismatched P/S ratio, what about @MeteoraAG $MET?
It's currently sitting at 2.5x lower than helium + raydium combined market cap wise, yet has generated more revenue. Why?
Currently, $MET has no real utility as there is nothing announced. Yet. It feels like a DAMMv2 showcase rather than a token tied to Meteoras' success.
Meteora is the go-to solution for anyone building launchpad, ICM marketplaces and anything to do with vaults in Solana. I had the chance to meet up with the team @0xSoju @realdezen during MET meetup and there were lots of industry partners there to chat.
Sure, there is a huge downside risk from unclaimed $MET in the 0.5-7.5 TGE pool, but I'm fully confident the team is working out integrations between their token and the platform currently, while also waiting to announce something during MET dhabi.
Once price bounces back above 0.5, the downside risks from the TGE pool will be mitigated as well.
Asymmetric bet on Solana's top infrastructure when all on CT have abandoned it.
Buying bags from now till end of November.
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