Metaplex (MPLX)

Social Signals

Social Signals On 2025-07-10

Bullish Signals:

• Metaplex achieved significant growth in June, creating over 1 million fungible tokens amidst Solana launchpad wars and minting nearly 193,000 new Core assets, bringing the total to nearly 3 million assets minted to date.
• Metaplex generated ~$1.7 million in protocol fees in June, with ~$1.1 million used to buy back 1% of the total MPLX supply for the Metaplex DAO, representing the second-largest buyback in terms of MPLX purchased.
• The public beta launch of the new Metaplex CLI enables faster and more efficient minting, managing, and building with tokens, NFTs, collections, and wallets, enhancing developer capabilities.
• Metaplex DAO distributed over $1.5 million in MPLX and partner rewards during Earn Season 2, while the DAO is now voting on plans for Season 3 to deepen liquidity and introduce MPLX lending via Kamino Finance.
• MPLX was listed on Binance Alpha and Bitget Global Onchain, accompanied by trading competitions, further enhancing its visibility and accessibility in the crypto market.

Bearish Signals:

• Despite distributing $160,000 in grants to 12 grantees in Cohort 1, there are no major updates on tangible outcomes or significant progress from these projects, potentially raising questions on ROI and long-term impact.
• While Metaplex CLI launched in beta, its adoption and potential bugs during the beta phase may present challenges for developers relying on a stable and fully-featured platform.
• Although protocol fees are being used for buybacks, the current rate of 1% of total token supply being bought back monthly may not be sufficient to significantly impact the token's circulating supply in the short term.

Social Signals On 2025-07-08

Bullish Signals:

• MPLX was listed on Binance Alpha with a high threshold of 140 Alpha points required to access an airdrop of 400 MPLX tokens, demonstrating strong exclusivity and demand for the token.
• Binance Alpha listing of MPLX has created opportunities for arbitrage trading between BSC and Solana chains, showcasing active interest and potential profit strategies among users.
• MPLX's listing was part of a broader $100 million competition pumping Solana's asset engine, indicating strategic efforts to bolster the ecosystem and attract users.

Bearish Signals:

• Concerns have been raised about the sustainability of MPLX's price action following its Binance listing, with some users expressing doubts about its ability to maintain momentum.
• The high threshold validation for MPLX on Binance Alpha might limit accessibility for smaller retail investors, potentially restricting user base growth.
• Limited visibility of MPLX announcements and updates post-listing may reduce user engagement and interest, posing challenges for its long-term adoption.

Social Signals On 2025-07-06

Bullish Signals:

• Binance Alpha has officially launched Metaplex (MPLX), allowing users with at least 140 Binance Alpha points to claim 400 MPLX tokens as an airdrop. The airdrop operates on a first-come, first-served basis and requires 15 Binance Alpha points for redemption.
• Community members are exploring MPLX as a potential play in the NFT narrative, indicating growing interest in its utility within the NFT space.