The ME Foundation launched the ME token for users of leading NFT marketplace Magic Eden on Tuesday, with demand for the token driving complaints of issues with the claim process as the size of the airdrop topped $700 million.
The ME airdrop was hotly anticipated, with users of Magic Eden hoping to be handsomely rewarded for their NFT marketplace activity. November pre-market trading anticipated a token price of $4.50, which would have seen $562 million handed out, with the pre-market price on Whales Market surging to $5.82 late Monday ahead of the drop.
Those estimates appeared to be in the right ballpark, with the ME token’s price bouncing between a range of approximately $4.40 and $6.00 following initial volatility.
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Author: Ryan Gladwin
