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The Magic Eden (ME) token, an NFT-focused cryptocurrency, faced significant challenges following its launch, particularly after a large airdrop. The initial price drop was largely attributed to market volatility, but the recent surge in its value has taken ME to $4 with a market cap of $511 Million.

Magic Eden's native token, ME, is coming out of a massive slump, as the ME price plummeted heavily after the token launch. Although the drop was understandable under the influence of volatility, it was unexpected for many.

Curious about Magic Eden staking? It's not just about locking your tokens and waiting for rewards.

In this article, we do a recap of all the latest news in the crypto airdrop sector.

Magic Eden (ME) price has struggled following its airdrop, with 75% of the 125 millions tokens already claimed. Most of the activity occurred in the first hour, with over 60 million tokens claimed, while the remaining 25% is expected to be claimed gradually without major price disruptions.

This means that users can now use BSC to buy and sell NFTs. They can do so on Magic Eden's Launchpad, Mint Terminal, and Marketplace.

Magic Eden has earned its name in the Non-Fungible Token industry, where it allows users to create, buy, and sell NFTs on the platform itself. It is mainly regarded as ME and has launched its native token with the same name, creating significant hype among investors.

Magic Eden, a leading NFT marketplace, launched its highly anticipated ME token on Dec. 10, 2024, with an airdrop value exceeding $700 million.

ME, the token launched by Magic Eden, a leading NFT marketplace, has seen its volume plunge significantly. This crash could be linked to declining interaction with the token since its airdrop some days back.

The popular non-fungible token (NFT) marketplace Magic Eden has seen the ME Foundation recently launch its ME token via an airdrop to the platform's users. One airdrop farmer, according to blockchain data, managed to make over $2 million through it via 1,350 wallets.

The price of ME, the token that powers the Magic Eden NFT marketplace, has declined 54% over the past 24 hours. This drop comes after the completion of its highly criticized 125 million token airdrop conducted on December 10.

Magic Eden's ME token launches on major exchanges, but security concerns arise over AirDrop methods.

Some ME claimants faced issues early on due to demand, but the token launch still substantially rewarded Magic Eden NFT marketplace users.

Magic Eden lists $ME tokens in its ongoing presale. Magic Eden NFT platform allows users to buy Solana NFT with ME tokens.

Crypto airdrops farmers have ten valuable opportunities to receive free cryptocurrency tokens from projects backed by renowned investors.

TL;DR Magic Eden expands by integrating Sei Network, offering faster, more cost-effective transactions and advanced tools for NFT creators and traders. The integration includes Launchpad, Mint Terminal, and Marketplace, simplifying the creation, launch, and trading of NFTs.

Altcoins recorded notable upswings this week as Bitcoin's neutral trend –range-bound around $96K – cemented bets of an altcoin season. SEI joined the uptrend wave, gaining nearly 10% on its seven-day chart. Sei trades at $0.7075, with a daily low and high of $0.6347 and $0.7153.

This means that Magic Eden is ready to bring new features to NFT collectors, creators, and traders on the Sei blockchain. Now that Magic Eden is connected with Sei Network, people can use their Launchpad.