Key Points
- Binance listed Magic Eden’s ME token a couple of minutes in the past.
- After customers encountered token allocation points, the workforce at Magic Eden launched a Community Update.
Magic Eden, the multi-chain NFT market, noticed its ME token launch immediately. Earlier, Binance additionally introduced the itemizing of ME token with the Seed Tag utilized. OKX Futures additionally listed ME.
ME’s Market Cap Dropped Since Listing
Since its itemizing on exchanges about an hour in the past, ME’s market cap dropped from a prime of $1.6 billion to present ranges of round $586 million.
ME’s value reached $12.22 after which dropped to present ranges of $4.5, down by over 60% since launch.
The whole provide of the token is 1 billion ME, and the circulating provide is 130.74 million ME tokens.
Earlier, Binance revealed that buying and selling would open at 15:00 (UTC) for 4 pairs: ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY. The trade additionally mentioned that withdrawals would open tomorrow at 15:00 (UTC).
So far, ME had a descendant trajectory since its earlier launch.
On X, the workforce behind Magic Eden introduced that immediately is the day that everybody’s been ready for and ME token is right here.
Magic Eden’s ME Token Launch
The workforce shared a video that teaches customers methods to declare tokens. Magic Eden additionally instructed customers that they’ve till February 1st, 2025 to assert their tokens.
Unclaimed tokens can be distributed to stakers, in accordance with the announcement.
Following the announcement, some customers encountered points.
ME User Token Allocation Issues
Someone mentioned that there had been an issue with their request and the declare hadn’t began but.
Another person, rikky, mentioned that he didn’t declare something, and there aren’t any tokens in his pockets, however he acquired a message saying “Tokens claimed.” The message additionally instructed him to stake tokens for an extended interval to take pleasure in larger multipliers on ongoing rewards.
Someone acquired one other error message telling them to replace their iOS:
Another person mentioned that he acquired a number error, to which the workforce at Magic Eden replied with a Community Update, saying that the ME Allocation Appeals at the moment are dwell.
Magic Eden Allows Appealing and Correcting ME Allocations
The message mentioned that after the neighborhood suggestions, the Magic Eden workforce determined to permit customers to attraction and proper their ME Allocations.
What is Magic Eden (ME)?
Magic Eden is a multi-chain NFT market, and the ME token is powering the on-chain platform economic system. ME is the platform’s official token, representing the most important neighborhood of on-chain customers who can earn ME for buying and selling all belongings on all chains.
Magic Eden announced their TGE declare by way of X yesterday.
