Magic Eden Announces $562 Million ME Token Airdrop—Are You Eligible?

Magic Eden, a leading community-centric NFT marketplace, is set to launch its much-anticipated Solana-baseed ME token on December 10. The airdrop will reward loyal users of the platform’s Bitcoin exchange and cross-chain NFT marketplace. Here is what you should know.   

ME Airdrop: How Big Is It?

The ME Airdrop is currently a sensational topic, and has triggered widespread discussions in the NFT community. Considering the pre-market price scenario, the ME token airdrop could be worth at least $562 million. 

ME Airdrop: Eligibility and Allocation Criteria 

Reports state that the ME Foundation will release a tool for users to check whether they are eligible for the airdrop or not ahead of the token release. 

Notably, organic trading activity, cross-chain trading, user loyalty and historical platform usage are the prime factors that determine one’s eligibility for the ME airdrop.  

ME Token Unlocking and Distribution 

Reports suggest that on the launch day, at least 125 million ME tokens, which is around 12.5% of the total supply of ME, will be unlocked for eligible users. Additionally, over 225 million tokens, which is more than 22.5% of ME’s total supply, will be released to incentivise future use of the platform. 

ME Token Pricing Trends 

The price of ME has touched $4.50 in pre-market trading through Whales Market. Meanwhile, on the pre-market trading platform of Coinbase, the ME price is slightly lower, standing at $3.41. 

Magic Eden’s Market Leadership 

Magic Eden is no longer just a Solana NFT marketplace. It holds the top market share among NFT marketplaces over the past six months. Furthermore, it has emerged as a leading Bitcoin Runes and NFT exchange.

In conclusion, the ME token launch marks a major milestone for Magic Eden, rewarding its loyal users and expanding its ecosystem.