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Meteora

A Solana AMM with Dynamic Liquidity Market Maker (DLMM) pools. The single-sided LP extraction technique used in LIBRA, MELANIA, WOLF, and the NYC Token exploited Meteora's DLMM architecture — operators deposit only the token side and drain accumulating buyer SOL by closing the position.

See also
Security Single-Sided LP Extraction A rug pattern using Meteora DLMM pools with only the token side deposited. As retail buyers swap SOL into the pool, that SOL accumulates in the developer's LP position. The developer closes the position and takes the accumulated SOL. Used in LIBRA ($87.4M extracted), MELANIA, WOLF, and the NYC Token. → Tokenomics AMM (Automated Market Maker) A decentralized exchange mechanism that prices assets algorithmically based on the ratio of reserves in a liquidity pool rather than an order book. PumpSwap, Raydium, Meteora, and Orca are the primary Solana memecoin AMMs. → Tools Raydium The primary Solana AMM for tokens launched outside Pump.fun's bonding curve, or graduated before PumpSwap's March 2025 launch. CPMM and CLMM pool types. Still the destination for manually-deployed token pairs and the previous graduation target for all Pump.fun tokens. →
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