ME is the official utility token used by Magic Eden, issued under the SPL standard on the Solana blockchain. It mainly connects user participation on the platform with reward mechanisms.

Magic Eden Price Today, Live Market & Historical Trend Chart

Q: What is the practical purpose of staking ME?

Holders can stake ME, meaning they lock tokens for a period, to take part in Magic Eden's rewards programme. Reward performance is calculated using staking power and eligible platform activities.

Q: Why does the lock period affect staking power?

The more ME is staked and the longer the selected lock period, the higher staking power generally is. Raising staking power affects only later activities and does not retroactively change results from activities already completed.

Q: Can staked ME be withdrawn at any time?

No, it cannot be withdrawn early. Staked ME can be withdrawn through the rewards interface only after the chosen lock period ends, so liquidity needs should be considered before staking.

Q: How is ME's token allocation arranged?

The initial community claim is 12.5%, community and ecosystem is 38.4%, contributors are 25.5%, and strategic participants are 23.6%. The community and ecosystem category includes rewards for active users and ecosystem-development uses.

Q: Can one wallet set multiple staking terms?

Each wallet can have only one active staking term. When ME is added to an existing stake, the new tokens use the original lock term; extending the term applies to both the existing and newly staked tokens.

Q: What does the SPL token standard mean?

ME is a fungible digital token using Solana's SPL standard. SPL is a general standard for creating and managing tokens on Solana, allowing tokens to be used in compatible wallets and applications.

Q: Where do the ME tokens for platform rewards come from?

Part of ME's community and ecosystem allocation is reserved for active-user rewards and is released gradually mainly through Magic Eden's rewards programme. Actual rewards depend on platform rules and staking and activity conditions.

Q: Do contributor and strategic-participant tokens all enter circulation immediately?

Contributor and strategic-participant allocations have lock-up arrangements: most core-contributor tokens are locked until at least 18 months after the token generation event, while strategic participants unlock gradually after at least a 12-month lock-up.

Rank 529

$0.06253

+$0.00323(+5.46%)

Market Cap

$38.68M

24h High

$0.06253

24h Low

$0.05909

24h Turnover

$662.74

Total Supply

1.00B

Market Sentiment

Neutral

Magic Eden (ME) Price Performance

View Magic Eden (ME) Price Prediction

Magic Eden (ME) has a Last Price of $0.06253, with a 24h change of +5.46%. The 24h low is $0.05909, the 24h high is $0.06253, and the 24h turnover is $662.74. The current market cap is approximately $38.68M, ranking 529 by market cap and accounting for 0.0011% of the total crypto market cap. The All-Time High is $30.00000 (⁦2024-12-10⁩), with a change from the All-Time High of -99.79%.

7 Days
-2.54%
Low
$0.05726
High
$0.06511
30 Days
-15.89%
Low
$0.05726
High
$0.08306
90 Days
-3.85%
Low
$0.05709
High
$0.08306
1 Year
-85.60%
Low
$0.05547
High
$0.61760

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 55; Normal
Last Week: 62; Greed
Last Month: 70; Greed

The Fear & Greed Index is currently 63/100, in the Greed zone; change from yesterday: +8, from last week: +1, and from last month: -7. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did Magic Eden (ME) Rise in the Last 24 Hours?

ME’s short-term movement appears more consistent with order-book effects in a low-liquidity environment than with fundamental or news-driven factors. The top-five-level bid-to-ask depth ratio was 5.49, and a 1,537-unit bid at $0.0589 accounted for 86.1% of bid volume across those levels. However, trading volume in the 2026-10-20 candle was only 139 units, with little price movement, indicating that concentrated resting orders had not translated into substantial aggressive buying. The overall technical signal was bearish: the four-hour moving average was bearish and ADX was 55.60, indicating a strong trend. On the 15-minute chart, a MACD golden cross conflicted with a bearish moving average, while the one-hour and daily signals were neutral. Concentrated bids therefore describe the local order-book distribution but do not, by themselves, establish that upward movement will persist.

About Magic Eden (ME)

Magic Eden is the largest NFT marketplace and Runes platform. Buy, sell and discover Ordinals and NFTs across Solana, Bitcoin, Ethereum, Base, Apechain, Polygon, Arbitrum, Sei, Monad, and Berachain.

Use Cases and Features

ME is a utility token used by Magic Eden and is based on Solana's SPL token standard. Users can stake ME to participate in the platform's rewards mechanism; the amount staked and lock-up duration affect staking power, which in turn affects reward performance in later eligible activities. Staked tokens cannot be withdrawn before the lock-up period ends.

Supply and Issuance Mechanism

ME has a maximum total supply of 1 billion tokens, distributed under a four-year plan. Allocations include 12.5% for the initial community claim, 38.4% for community and ecosystem, 25.5% for contributors, and 23.6% for strategic participants. The community and ecosystem portion is mainly used to reward active users, support ecosystem development, and fund protocol-related arrangements.

NFT

Website

Explorers

How to Buy and Use Magic Eden (ME)

How to Buy

Buy in just four steps (Log in -> Verify -> Purchase -> Receive crypto)

Verify

Trade

Receive Assets

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Simple Earn

Est.30-Day APR

4.67%

Magic Eden (ME) Basics & Market Insights

Fundamentals

Comprehensive Analysis of ME Token Price Trends and Investment OpportunitiesBeginner

Magic Eden (ME): Reshaping the core power of cross-chain economyBeginner

Netflix is expanding its interactive entertainment portfolio with the acquisition of Ready Player Me, a leading metaverse identity platform.Beginner

Market Analysis

Is the Crypto Market at Risk? Over $800 Million in ME and RAIN Tokens Set for Major UnlockOn June 10, Magic Eden will unlock 172 million ME tokens, representing 17.2% of its total supply. Rain Protocol will unlock $657 million worth of RAIN tokens. How do large-scale token unlocks impact market liquidity and the price discovery mechanism?2026-06-10

MrBeast Acquires Financial App Step: A Strategic Acquisition Aimed at Onboarding Millions of New Crypto UsersA single statement—“No one taught me about investing, building credit, or managing finances when I was young”—led one of the world’s top influencers to acquire a mobile banking app with over 7 million young users.2026-02-10

In-Depth Analysis of ME USDT: The Core of the Magic Eden Ecosystem and Market Outlook for 2026On Gate Exchange, the ME/USDT trading pair closed at $0.247 on January 22, with a 24-hour trading volume exceeding $600,000. This activity is driven by Magic Eden, the dominant force in the Solana NFT ecosystem.2026-01-22

Frequently Asked Questions About Magic Eden (ME)

What is ME?

What is the practical purpose of staking ME?

Why does the lock period affect staking power?

Can staked ME be withdrawn at any time?

What is ME's total supply?

How is ME's token allocation arranged?

Can one wallet set multiple staking terms?

What does the SPL token standard mean?

Where do the ME tokens for platform rewards come from?

Do contributor and strategic-participant tokens all enter circulation immediately?

Can staking power from multiple wallets be combined?

Risk Disclosure

Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results. Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.

Disclaimer

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