Magic Eden’s ME Coin Newly Listed on Binance Faces Challenges at Launch: Details

The ME coin from the non-fungible token platform Magic Eden faced significant challenges at its launch, with its price falling sharply due to technical issues and user complaints about the complexity of the claim process and problems with the platform’s app.

After opening at $6.70, it quickly rose to $13.10 before falling 67% to $4.30, but

it has now recovered slightly and is trading above $5 on Binance.

The launch was marred by criticism over the incompatibility of the process across devices, which has frustrated users.