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Magic Eden token airdrop generates over 700 million dollars amid claim issues

The ME token, launched by the ME Foundation for users of the Magic Eden NFT marketplace, saw airdrop demand exceed $700 million, leading to significant price volatility. Despite initial trading peaks above $13, many users faced challenges during the claim process, with complaints about its complexity and errors. As of now, the token is priced at $5.64, with a market cap of $738 million, while top traders capitalized on the airdrop, making substantial profits shortly after launch.
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United States Dollar Coinbase Global, Inc. Logan Hitchcock Jack Lundin Andrew Hayward Show more
Finance & Economy, Market Report
23:20 10.12.2024
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