Metaplex MPLX

What MPLX actually is on-chain

Metaplex is an SPL token deployed on Solana, at contract address METAewgxyPbgwsseH8T16a39CQ5VyVxZi9zXiDPY18m. That address, not the ticker MPLX, is what uniquely identifies this asset: anyone can deploy a second token calling itself MPLX, but the contract is unforgeable. Verify it against solscan.io before sending funds or approving a spend.

On Solana the token account model means MPLX is held in an associated token account derived from the mint above, and a wallet has to be rent-funded in SOL before it can receive the token at all. Fees are a fraction of a cent, so the cost of trading MPLX is dominated by pool slippage in Raydium and Orca pools, not by gas — the opposite of the EVM case.

For MPLX the project publishes a public source repository and an active account as @metaplex. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where MPLX sits in the market

Metaplex sits at #1097, inside the upper small-cap band. Depth here is shallow enough that one large order walks the book several percent and the print mean-reverts within the same session — which is why a single fixed price level is a fragile trigger, and a condition that tolerates one wick is the more useful construction. Listings are concentrated across a small number of venues, so volume-driven delisting is an active risk here rather than a hypothetical one.

CryptoPingAi is currently streaming 2 live MPLX order books (Gate.io, HTX). That is coverage in line with a #1097 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. None of the books we see for MPLX are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

MPLX against its all-time high

MPLX trades 92.1% below its $0.8968 record (on 2022-09-20), which puts a 12.6x recovery between spot and that level. A drawdown of this size is usually a structural break rather than a correction — the market that set the high and the market trading today are not the same market. Using that print as a price objective is not a conservative assumption, it is a very aggressive one. It was set 4 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

MPLX across its historical range

The recorded range runs 39.2x, from $0.0229 to $0.8968 — wide by the standards of traditional assets, moderate for this one's class.

MPLX trades roughly 3.10x above its record low of $0.0229 (on 2026-02-06). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

MPLX supply and valuation data

Metaplex sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for MPLX but not an audited token count. What we do have is a fully diluted valuation of $26.4 million as of 2026-05-12. That is in the upper quartile of tracked assets by fully diluted value.

That valuation is a point-in-time snapshot, not a live figure, so we deliberately avoid dividing it back into a token count — the price has moved since, and the arithmetic would yield a precise-looking supply number that is simply wrong. Read the current supply from the project's own explorer before relying on any per-token valuation. The authoritative figure is the one solscan.io reports for this contract.

What kind of asset MPLX is

Metaplex falls in the gaming and virtual-world category, where token demand depends on player retention rather than on financial flows. The recurring failure mode for this class is well documented: in-game emissions create constant sell pressure while the user base plateaus, so the supply sink stops working before the supply tap does. Active-user data is a better leading indicator here than anything on the price chart.

CoinGecko files MPLX under 10 categories, including Gaming (GameFi), NFT, BNB Chain Ecosystem, Solana Ecosystem, Launchpad. CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Solana (3,129 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading. Worth flagging from the metadata: MPLX was held on FTX's balance sheet and remains part of the estate's distribution, and appears in the Multicoin Capital portfolio.

How to set a Metaplex alert that is worth receiving

Metaplex is the SPL token at METAew…Y18m on Solana — quoted on 2 venues we stream — high dated 2022-09-20 — rank #1097. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →