Magic Eden Price
(ME)
Magic Eden Live Price Data
The live price of Magic Eden is $5.15, with a total trading volume of $ 27.85M in the last 24 hours. The price of Magic Eden changed by +14.18% in the past day, and its USD value has increased by +6,331.12% over the last week. With a circulating supply of 130,754,007 ME, the market cap of Magic Eden is currently 675.59M USD, marking a --% increase today. Magic Eden currently ranks #-- in market cap.
How do you feel about Magic Eden today?
Note: This data is for reference only.Magic Eden(ME) Profile
Website
Documentation
Explorer
Contract
- Solana MEFNBXix...21u
Audited By
- --
Code & Community
Investors
- --
- ATH
- $13.25
- Price Change (1h)
- -0.42%
- Price Change (24h)
- +14.18%
- Price Change (7d)
- +6,331.12%
- Market Cap
- $675.59M
- 24h Volume
- $27.85M
- Circulating Supply
- 130,754,007
- Max Supply
- 1B
About ME
How can I buy Magic Eden (ME)?
Buying ME on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Magic Eden (ME) for more information. What Is Magic Eden (ME) Crypto?
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.
How Does Magic Eden Work?
Magic Eden is a user-friendly NFT marketplace where you can buy, sell, and create digital assets across multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin. To get started, connect a compatible crypto wallet like Phantom or MetaMask to the platform. Once connected, you can explore various NFT collections, filter by attributes, and make purchases or sales.
For creators, Magic Eden offers a Launchpad feature that simplifies the minting and launching of new NFTs. This tool assists in creating digital tokens on the blockchain without requiring extensive technical knowledge.
The platform charges a 2% transaction fee on secondary market trades and allows creators to set their own royalty percentages. This flexible royalty system ensures that creators earn a portion of each resale of their work.
History of Magic Eden and ME Coin
Magic Eden (ME) is a leading NFT marketplace founded in 2021 by Jack Lu, Sidney Zhang, Zhuoxun Yin, and Zhuojie Zhou. They aimed to create a user-friendly platform for buying, selling, and creating NFTs.
Since its launch, Magic Eden has expanded its services across multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin. The platform offers features like a Launchpad for new NFT projects, a cross-chain wallet, and a flexible royalty system for creators.
In December 2024, Magic Eden introduced its native governance token, ME, distributing 12.5% of the total supply through an airdrop to reward users and encourage platform participation.
Looking ahead, Magic Eden plans to enhance cross-chain integration, expand governance features through the ME DAO, and collaborate with creators and developers to strengthen its ecosystem.
What Is ME Token Used for?
The Magic Eden (ME) token serves multiple purposes within the Magic Eden ecosystem:
1. Governance Participation: Holding ME tokens allows you to engage in platform governance, influencing decisions and future developments.
2. $ME Staking Rewards: By staking your ME tokens, you can earn additional rewards, contributing to the platform's sustainability.
3. Cross-Chain Transactions: As an SPL token, ME facilitates seamless trading of NFTs and tokens across multiple blockchains, including Solana, Ethereum, and Bitcoin.
Additionally, you can trade Magic Eden tokens on various exchanges, such as the KuCoin Spot Market, to capitalize on market opportunities.
What Is Magic Eden Tokenomics?
The Magic Eden (ME) token has a total supply of 1 billion tokens, distributed as follows:
1. Community and Ecosystem (50.2%): This portion supports user rewards, ecosystem development, and liquidity provision. It includes:
> Initial Airdrop (12.5%): 125 million tokens were distributed to eligible users during the Token Generation Event (TGE).
> Community and Ecosystem Development (37.7%): Allocated for rewarding active users, providing grants to developers and creators, and supporting liquidity.
2. Contributors and Strategic Participants (49.8%): This allocation is designated for team members, advisors, and strategic partners, with specific lock-up periods to ensure long-term commitment.
The token distribution is designed to promote sustainable growth and align the interests of the community and contributors over a four-year period.
Learn more about Magic Eden (ME) tokenomics in our research report.
How to Claim Magic Eden Airdrop
Magic Eden’s ME token airdrop took place on December 10, 2024, distributing 125 million tokens (12.5% of supply) to eligible users.
Eligibility Criteria
1. Organic Usage: Genuine trading and platform engagement.
2. Cross-Chain Activity: Trading NFTs across supported blockchains.
3. Loyalty: Early adoption and continuous use.
How to Claim ME Airdrop
1. Download the Magic Eden App: Available on mobile.
2. Link Your Wallet: Connect by scanning a QR code on the desktop site.
3. Claim Tokens: Complete the claim process within the app.
Important Dates
1. Claim Period: From December 10, 2024, to February 1, 2025.
2. Unclaimed Tokens: Redistributed to ME stakers after the deadline.
The ME token offers governance rights, staking rewards, and cross-chain trading benefits. Stay updated through Magic Eden’s official channels for future opportunities.
Magic Eden (ME) Price Movements ($)
Period | Change | Change (%) |
---|---|---|
Today | $0.64179 | 14.22% |
7 Days | $5.07 | 6,339.81% |
30 Days | $5.03 | 6,291.89% |
3 Months | $5.03 | 6,291.89% |
24H Investment Barometer
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Magic Eden Conversion Rate
FAQ
How much is 1 Magic Eden (ME) worth?
KuCoin provides real-time USD price updates for Magic Eden (ME). Magic Eden price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time ME to USD exchange rates. Is Magic Eden (ME) a Good Investment?
The following features make ME tokens a versatile addition to your crypto portfolio.
1. Governance Participation: As an ME token holder, you can influence the platform's future by voting on key decisions.
2. Magic Eden Staking Rewards: Staking your ME tokens allows you to earn additional rewards, enhancing your investment over time.
3. Cross-Chain Trading: ME tokens facilitate seamless trading of NFTs and tokens across multiple blockchains, including Solana, Ethereum, and Bitcoin, broadening your investment opportunities.
4. Market Accessibility: You can trade Magic Eden tokens on major exchanges like KuCoin's Spot Market, providing liquidity and potential for profit.
What Is Magic Eden Price Prediction?
These elements collectively shape the ME price prediction:
1. Market Demand and Supply: High demand or limited supply can drive prices up, while low demand or excess supply can lead to Magic Eden price drops.
2. Exchange Listings: Listing on major exchanges like KuCoin can boost visibility and liquidity, often leading to $ME price increases.
3. Platform Developments: New features or partnerships within the Magic Eden ecosystem can enhance utility and attract investors, positively impacting the ME token price.
4. User Engagement: Active participation in staking and governance can reduce circulating supply, potentially increasing the ME to USD price.
5. Market Sentiment: Overall crypto market trends and investor perceptions can cause ME crypto price volatility.
How to Stake ME Tokens on Magic Eden
Staking your ME tokens on Magic Eden allows you to earn rewards and participate in platform governance. Here's how to get started:
1. Prepare Your Wallet: Ensure you have a compatible crypto wallet, such as Phantom or MetaMask, with ME tokens and a small amount of SOL for transaction fees.
2. Access the Magic Eden Staking Platform: Visit the ME Foundation Dashboard to manage your staking activities.
3. Connect Your Wallet: Click on "Connect Wallet" and select your wallet provider. Authorize the connection through your wallet interface.
4. Stake Your ME Tokens: Navigate to the "Staking" section on the dashboard. Enter the amount of ME tokens you wish to stake. Confirm the staking transaction in your wallet.
5. Monitor and Manage: Track your staked tokens and earned rewards on the dashboard. You can unstake your tokens anytime, subject to platform-specific conditions.
By staking ME tokens, you contribute to the Magic Eden ecosystem and gain voting rights on key decisions. Stay updated through official channels for the latest information.
What is the all-time high price of Magic Eden (ME)?
The all-time high price of Magic Eden (ME) is $13.23000. The current price of ME is down 61.14% from its all-time high.
What is the all-time low price of Magic Eden (ME)?
The all-time low price of Magic Eden (ME) is $4.27000. The current price of ME is up 20.46% from its all-time low.
How much Magic Eden (ME) is there in circulation?
As of 12 11, 2024, there is currently 130,754,007 ME in circulation. ME has a maximum supply of 1B.
What is the market cap of Magic Eden (ME)?
The current market cap of ME is $675.59M. It is calculated by multiplying the current supply of ME by its real-time market price of $675.59M.
How do I store Magic Eden (ME)?
You can securely store your Magic Eden in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your ME include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Magic Eden (ME) to cash?
You can instantly exchange your Magic Eden (ME) for cash using KuCoin's Fast Trade feature. This feature enables you to convert ME to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.