Following the airdrop, Magic Eden’s ME token is set to make waves in the market, listing on leading exchanges like Binance, Upbit, and Bithumb.
By Vishal Dixit
Edited by Julia Sakovich
Updated
3 mins read
As one of the highly anticipated airdrops, Magic Eden is a leading cross-chain NFT marketplace. The ME token airdrop will officially go live on December 10th, making it a leading cross-chain NFT marketplace.
The NFT chain supports Bitcoin Ordinals, Ethereum Chain, Solana Chain, and many others. As Magic Eden maintains its dominance in the NFT space, the ME token is getting recognized by leading exchanges, creating hype likely to fuel a massive explosive rally with its launch.
Strategic collaborations with top-tier exchanges and anticipation surrounding the airdrop have further contributed to Magic Eden’s growing prominence.
The hype around the Magic Eden token started with Binance announcing its listing of the seed tag. On the leading centralized crypto exchange, Magic Eden trading will begin on December 10, 2024, at 23:00 UTC+8.
Binance will offer spotter trading pairs for Magic Eden with Bitcoin USDT, FDUSD, and TRY. Withdrawals will open on 11 December at 15:00 UTC. This listing will highlight Magic Eden’s global appeal.
Furthermore, shortly after the announcement from Binance, South Korea’s largest cryptocurrency exchange, Upbit announced that it would launch the Magic Eden token. The Magic Eden (ME) trading will support three KRW, BTC BTC $105 949 24h volatility: 1.5% Market cap: $2.10 T Vol. 24h: $85.84 B , and USDT USDT $1.00 24h volatility: 0.0% Market cap: $138.64 B Vol. 24h: $94.15 B trading pairs.
The Magic Eden (ME) tokens will open for deposit and withdrawals at 23:00 local time on December 10. However, deposits and withdrawals will only be supported through the Solana network.
Bithumb, the second-largest exchange in South Korea, announced the listing of Magic Eden and SynFutures. SynFutures will support the Ethereum network, and the Magic Eden token will support the Solana network. With two of South Korea’s largest exchanges backing the ME token, its foothold in the Asian market is expected to strengthen significantly, increasing trading volumes and liquidity.
Amid the rising hype around the listing of Magic Eden (ME) tokens, trading is expected to start between $3 and $4. Furthermore, the Magic Eden token airdrop is an initiative to reward users for their activity.
This initiative reflects the platform’s dedication to its community and aims to foster long-term user loyalty and engagement. It also bridges the gap between the team and the platform users and increases the bullish sentiments around Magic Eden.
The Magic Eden (ME) tokens are available on the Gate.io Exchange and currently have a value of $3.3656. The exchange listed them on November 22.
Source: Tradingview
Since then, ME price has resonated in a sideways trend. The ME token recorded an all-time high of $5.25 and a minimum of $2.3340.
Despite the sideways shift, the listing of ME tokens over Binance and leading South Korean exchanges is likely to drive massive volumes. This could result in a massive surge in the market price, crossing its all-time high and potentially leading to a 2X rally despite the broader market pullback.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Vishal, a Bachelor of Science graduate, began his journey in the crypto space during the 2021 bull run and has since navigated the subsequent market winter. With a strong technical background, he is dedicated to delivering insightful articles rich in technical details, empowering readers to make well-informed decisions.