Magic Eden
EndedMagic Eden's ME airdrop was 125 million tokens, 12.5% of a 1 billion supply, claimable only through the Magic Eden Wallet. The token fell about 60% in its first two hours.
Airdrop Details
| Reward Type | ME (12.5% of 1B supply) |
|---|---|
| Blockchain Network | Multichain (Solana, Ethereum, Bitcoin) |
| Industry / Category | NFT Marketplace |
| Ecosystem | Multichain (Solana, Ethereum, Bitcoin) |
| Time Required | ~ 10 Minutes |
| Eligibility | Task Based |
| End Date | Ongoing |
About The Project
Magic Eden is an NFT marketplace that expanded from Solana to Ethereum, Bitcoin and other chains. Its ME airdrop is described in The Block and Decrypt coverage of the token launch.
Earlier text on this page was generic and is replaced.
Why This Airdrop Matters
The ME token had a total supply of 1 billion, and 125 million ME, 12.5% of supply, went to users through the airdrop. Rewards were based on Diamond points earned on the platform over time, so heavy users and long-term traders received more. Claims could be made only through the Magic Eden Wallet, which pushed recipients to install the product.
Reports said the token fell about 60% within two hours of launch, to a market cap of around $581 million. That kind of drop is common when a large share of freely traded supply reaches many holders at once and a good number sell immediately.
Requiring a specific wallet to claim is a distribution choice with a clear business motive. It helps adoption of the wallet and gives the team a measurable conversion, but it also means that people who dislike installing new software may leave tokens unclaimed.
The first-day price is not a verdict on the product, although it is a useful lesson for anyone who expected airdropped tokens to hold their opening value.
Because NFT activity depends heavily on market mood, a marketplace token tends to move with sentiment about NFTs as a whole.
A claim restricted to one wallet also changes the security picture, because new software means a new attack surface. Users who installed the wallet only to claim should consider whether they will keep using it, and should revoke permissions and move assets to their preferred wallet if not. A marketplace token's long-term value will depend on trading fees, product adoption and the unlock schedule, which readers should check from the official documentation.
Participation Guide
If you were eligible, claim only from the official Magic Eden site and wallet, and verify the download source before installing anything. Do not enter your seed phrase on any claim page. Decide beforehand whether you want to hold or sell, since the launch showed how quickly the price can move, and never act on a message promising a bonus allocation.
Connect Wallet
Connect your wallet using only official verified links.
Join Community
Follow social accounts and join community channels.
Complete Tasks
Execute platform tasks, quests, or testnet actions to earn points.
Claim Rewards
Track your eligibility and wait for the official claim dates.
Detailed Tasks Requirements
- The airdrop was 125 million ME, 12.5% of a 1 billion supply.
- Claims were available only through the Magic Eden Wallet.
- Allocation was based on Diamond points.
Frequently Asked Questions
125 million ME, 12.5% of supply.
Only through the Magic Eden Wallet.
It fell about 60% in two hours, to a market cap near $581 million.
Points earned from activity on the platform.
