ME Token Launch by Magic Eden Sees $700 Million Airdrop Despite Claiming Issues
Magic Eden, a number one NFT market, launched its extremely anticipated ME token on Dec. 10, 2024, with an airdrop worth exceeding $700 million.
Preliminary buying and selling recommended a value of round $4.50 per token, with expectations of distributing roughly $562 million. Nonetheless, costs fluctuated between $4.40 and $6.00 shortly after the launch.
To assert the tokens, customers wanted to obtain the Magic Eden Pockets cell app, hyperlink it to their desktop, and full the declare course of.
Nonetheless, many reported issues with the method, together with errors stating that tokens had already been claimed, or receiving “one thing went improper” messages. One dealer described the method because the “worst airdrop declare” that they had ever skilled, echoing sentiments from others who discovered the process overly advanced.
Magic Eden’s ME token is now listed on main exchanges like Coinbase and Binance. The ME Basis attributed the declare points to unusually excessive visitors on the cell app, acknowledging the frustrations customers confronted through the launch.
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