mStable, an Ethereum-based DeFi protocol (ETH), launched its token Meta (MTA) on 18 July this year. The hype surrounding the release was huge, and within just under half a day the token traded at 16 times its original value at $0.15. At the time of its launch, MTA investors received 1,000% of their original investment, with the token price climbing even higher.
At the time of publication, the META token is trading at $3.64, with gains of 9.64% in the last 24 hours and gains of over 2,0000% since its introduction. Messari researcher Ryan Watkins stated via his Twitter account that the token was launched with a new procedure known as “IDO” or initial decentralized exchange offering.