October 6, 2025
Welcome to the Meridian Update, your daily on-chain report. Hope you had a good weekend. It’s going to be a big week? Let’s dive in.
MetaDAO meta, how meta (unrelated to Meta)
Disclosure: some (all?) of our writers bought the META token over the weekend.
The price chart for META looked like :up-right-arrow: between when we last Meridian Updated you Friday morning and this Meridian Update. For those who haven’t figured it out, that is the arrow to the up and right emoji. Of course we don’t allow emojis in this esteemed publication.
Crypto Twitter was all over META this weekend. Not that Meta.This META, MetaDAO. MetaDAO says it is building a “fundraising and governance platform for high-quality founders and their communities.” MetaDAO is backed by Paradigm, a crypto investment firm that many people in the on-chain world know about.
Long-time readers have yet to hear us talk about the mechanics of a token going from nonexistent to tradable on-chain. This has been a major theme, and source of excitement, in the on-chain world in 2025. You may have heard of pump.fun, whose own token became tradable in July. We will have many opportunities to talk about token launches, token launchpads like pump.fun, and other elements of tokens becoming tradable in the coming months. But the key point is that there is a moment when a token starts trading.
MetaDAO is a way to get a token trading. People call pump.fun a launchpad because it is a way to get a token trading, aka launch a token. MetaDAO is a launchpad (probably). And it is a launchpad with rules. Not to say other launchpads don’t have rules. Just to call attention to MetaDAO having rules, which Crypto Twitter was all over.
Hopefully some day we can talk about Futarchy. But it is not this day! This day we fight talk about a more general idea! The idea is that a token being tradable doesn’t signal it is good…or, well, signal anything. It just means it is tradable. But in theory a token could become tradable in a way that signals something. In theory. You might say MetaDAO is trying to turn this theory into a reality. In theory, a token that becomes tradable through MetaDAO is a token launched subject to the MetaDAO launchpad rules. And in theory those rules apply. And in theory those rules mean something. And in theory that something is good.
We would never say something like “and it’s all true!” and you would never trust us if we did. Instead we’ll just state the obvious. This is something to keep an eye on.
ATH means all-time high, and Bitcoin did it
$125,000 BTC. Wow. That was an all-time high. That is, BItcoin had never hit $125,000 before. Crypto Twitter loved it. Solana and Ethereum did not hit ATHs. What does this mean for the on-chain world? Something to keep an eye on. Probably.
That’s a wrap
It’s Monday, and the weekend was interesting. MetaDAO caught Crypto Twitter buzz. So did Bitcoin ATH. Big week ahead?
Think we missed something today? Email ideas@meridianupdate.com.