ME Price Analysis Highlights

1. Upbit Trading

Upbit opens $ME trading at 9:30 AM KST, with high enthusiasm from Korean investors; do not sell at low prices before the opening.

2. Exchange Price Differences

Compared to on-chain, Coinbase's $ME price is about 6% higher than Binance's; Binance may exert price pressure, investors should look out for rebound opportunities.

3. Airdrop Status

The airdrop claim rate for $ME has reached 69%, with the largest single claim of 160,000 coins; there are many fake screenshots of 540,000 coins in the Chinese community, investors should be cautious.

4. Impact of Magic Eden

Magic Eden has become popular in the SOL and BTC chain English community and on Twitter, attracting attention and recommendations from KOLs, which may boost the price of $ME; investors can take this into account.

5. Market Capitalization Valuation

The market cap of ME is 6 billion, while the worthless MOVE VE testnet has a market cap of 10 billion; investors should make a comprehensive judgment on the rationality of $ME's valuation.

In summary, investors should take a comprehensive approach to consider the price of $ME, make cautious decisions, and note that the Ethereum chain puppoes show signs of rebound; keen observation of market dynamics is necessary.

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