NFT marketplace Magic Eden airdrops ME

Airdrop claimants are reporting difficulties claiming the airdrop on Magic Eden’s wallet

article-image

Ebru-Omer/Shutterstock modified by Blockworks

share


This is a segment from the 0xResearch newsletter. To read full editions, subscribe.


After announcing its ME token back in August, Magic Eden finally launched the token today, alongside an impressive number of listings across several tier one and two centralized exchanges.

About 10 minutes before launch, ME saw a 47% spike from $6.04 to a high of $8.9 on its pre-launch perps on Aevo. Two hours after launch, however, ME has cratered to a $581 million market cap, down 60% from $1.48 billion.

Source: OKX

Users are reporting technical difficulties trying to claim the airdrop on the Magic Eden wallet. As part of Magic Eden’s criteria, users had to install its mobile wallet and link their other wallets to prove eligibility for claiming.

Magic Eden originally launched as a NFT trading platform on Solana in 2021, and later also deployed on Polygon and Base.

Magic Eden successfully capitalized on the Bitcoin NFT craze in early 2024, processing about 83% ($1.7 billion) of all Ordinals and Runes NFTs trading volumes in the past year.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research

article-image

Pendle’s new platform transforms perp funding into tradable yield units — paving the way for a full-stack onchain fixed-income ecosystem

article-image

9.6% of crypto industry employees were paid in crypto, and most opted for USDC and USDT

article-image

You don’t own the protocol. You own the incentives.

article-image

Switchboard’s price feeds are now sub-100ms

article-image

Big names are projecting the S&P 500 will post a double-digit decline

article-image

A 29-minute halt in block production briefly froze Base, but DeFi dodged the bullet