Solana Ecosystem DeFi project Mercurial announced that it will be renamed Meteora and will launch a new token Meteora ($MET) to replace the original token $MER. $MER holders do not need to do anything, their $MER will be automatically migrated to $MET.

The total supply of $MET is 100 million, 20% of which will be distributed to $MER stakeholders, while the remaining 80% will be managed by the DAO.