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After the FTX Crisis, Protocol Mercurial based in Solana is renamed ‘Meteora.


Key Points: The Mercurial team claims that a token reset is necessary in light of Sam Bankman-Fried’s collapsed companies. In an effort to separate itself from Sam Bankman Fried’s failing companies, the decentralized financial (DeFi) trading project Mercurial plans to relaunch under “Meteora,” distribute new tokens to nearly all MER holders, increase its trading portfolio, and relaunch as “Meteora.” Mercurial claims that a token reset was necessary due to the FTX/Alameda events.



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