The ME Foundation introduced the ME token for Magic Eden users, leading to a surge in demand and complaints about the claiming process as the airdrop value exceeded $700 million. Anticipation for the ME airdrop was high, with users hoping for substantial rewards. Initial estimates suggested a token price of $4.50, but it surged to $5.82 before the drop. Despite some claim process difficulties, the token's price fluctuated between $4.40 and $6.00. Currently priced at $5.64, the market cap stands at $738 million. Exchanges like Coinbase and Binance listed the token, with an opening price of $17. Some users faced challenges during the claiming process, leading to frustration. Despite initial volatility, the token's price has stabilized, ranking 138th by market cap. Quick traders profited significantly, with the top trader earning $586,800 by selling their airdropped tokens. ME Foundation addressed claim issues due to high app traffic, with 70,000 traders claiming nearly 69 million ME tokens within the first hour. Read more AI-generated news on: https://app.chaingpt.org/news