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Magic Eden Faces U.S. Class-Action Lawsuit Over ME Claims

2026-06-30 04:52:42

Abstract generation in progress

Investors filed a class-action lawsuit against Magic Eden and key executives on June 16, and ME has fallen 98.62% from its December 2024 high. The plaintiffs allege Magic Eden promoted ME as the backbone of a growing online asset market but failed to deliver on its promises.

ME-6.17%

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