Solana’s DeFi project Mercurial relaunches as Meteora
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In a determined effort to disassociate itself from Sam Bankman-Fried’s crumbling empire, the decentralized finance (DeFi) trading project Mercurial intends to relaunch as Meteora, distribute a new token to almost all MER holders, and increase its trading portfolio. The mercurial rebranding efforts make it the latest Solana-based crypto protocol to re-emerge from the ravaging effects of the November FTX collapse. However, the planned rebranding is coming with significant changes for existing MER holders because investors are going for the new Meteora token, which has a total supply of 100 million. Persistent holders of MER tokens will receive a proportional amount
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