Magic Eden (ME) price has struggled following its airdrop, with 75% of the 125 millions tokens already claimed. Most of the activity occurred in the first hour, with over 60 million tokens claimed, while the remaining 25% is expected to be claimed gradually without major price disruptions.

Roughly 80% of claimers have sold their entire allocation, and only 8.3% are holding all their tokens, signaling limited long-term interest among recipients. As ME hovers around key support levels, its ability to hold $4 or break through resistances at $4.69 and $5.10 will define its next price movement.

Users Claimed 75% of the ME Available

Out of the 125,000,000 ME tokens distributed in the airdrop, around 94,000,000 have already been claimed. That accounts for 75% of the total supply.

As expected, the initial surge of activity saw over 60 million tokens claimed within the first hour.

The remaining 25% of tokens are likely to be claimed gradually over the coming days, as most recipients who were eager to sell or use their tokens have likely already done so. This slower pace of claims reduces the likelihood of sudden sell-offs that could significantly impact ME’s price.

As a result, the unclaimed portion is expected to have minimal influence on ME price.

Roughly 80% of Claimers Already Sold All Their ME

So far, 133,888 wallets have claimed ME tokens, with 108,070 wallets—roughly 80%—selling their entire allocation from the airdrop.

When including wallets that sold at least 25% of their tokens, the figure rises to 121,617, or 90% of all

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Author: Tiago Amaral