The ME Foundation announced details Monday for the upcoming ME token airdrop, which will reward users of Magic Eden’s Bitcoin exchange and cross-chain NFT platform.

At launch the community is set to collectively receive 12.5% of the total ME supply of 1 billion Solana-based tokens, or 125 million tokens—currently estimated to be worth $312 million based on the current pre-market price at Whales Pro.

The pre-market ME price of $2.50 represents a 233% gain in the last 24 hours on about $193,000 in volume traded in that time. While pre-market prices are not especially reliable, an airdrop of this magnitude would place ME inside the top 20 crypto airdrops of all-time according to CoinGecko.

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Author: Logan Hitchcock

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