Magic Eden is a leading NFT marketplace where you can buy, sell, and collect digital assets across multiple blockchains, including Solana, Bitcoin, Ethereum, and Polygon. It offers features like NFT minting, collection trait offers, comprehensive analytics, and advanced chart views.
Recently, Magic Eden introduced its native governance token, ME. The token launched on December 10, 2024, with an initial airdrop of 125 million tokens, representing 12.5% of its total 1 billion supply. The ME token allows holders to participate in platform governance, influencing decisions and future developments.
Upon its debut, the ME token experienced significant price fluctuations, initially trading at $6.70, peaking at $13.10, and then dropping to a low of $4.30. These fluctuations coincided with user-reported issues during the Magic Eden airdrop process, including a complex claiming procedure and technical glitches in the mobile app.
In addition to the ME token, Magic Eden has expanded its services by launching a cross-chain NFT and crypto wallet. This wallet supports multiple blockchains, including Bitcoin, Ethereum, Solana, and Polygon, enabling seamless transactions and management of digital assets across different networks.
