75% of ME tokens were claimed through a rapid airdrop, and 80% of applicants sold all their shares.

This suggests that most participants view the airdrop as a liquidity opportunity rather than a long-term investment.

Currently, the ME price finds support around $4, facing resistance levels of $4.69 and $5.10 in the short term, which will determine its recovery potential.

The price of Magic Eden (ME) has not been very good since the airdrop, with 75% of the 125 million tokens already claimed. Most people rushed to claim over 60 million tokens within the first hour, and the remaining 25% are expected to be claimed gradually, but will not cause significant price fluctuations.

About 80% of claimants have sold all their tokens, with only 8.3% still holding all their tokens, indicating that there is little interest in long-term holding. Currently, the ME price hovers near a critical support level, and whether it can maintain above $4 or break through the resistance levels of $4.69 and $5.10 will determine its future price trend.

Users claim 75% of available ME.

Of the 125 million ME tokens distributed in the airdrop, approximately 94 million have been claimed, accounting for 75% of the total. As expected, the initial surge in demand led to over 60 million tokens being claimed within the first hour.

The remaining 25% of tokens may be slowly claimed over the next few days, as most people wishing to sell or use the tokens may have already sold their shares. As the pace of claims slows down, the risk of a sudden sell-off also decreases, meaning the impact of a large-scale sell-off on the ME price may be minimal.

Therefore, the impact of the tokens that have not yet been claimed on the ME price is expected to be very limited.

As of now, approximately 80% of claimants have sold all of their airdropped ME tokens.

A total of 133,888 wallets claimed ME tokens, of which 108,070 wallets (about 80%) have sold all of their tokens. If we include wallets that sold at least 25% of their tokens, this percentage will rise to 121,617, accounting for 90% of all participants.

Only 11,175 wallets (about 8.3%) chose to hold all of their airdropped ME tokens, and only 1,276 wallets (less than 1%) bought more ME after receiving the tokens. This is one of the most anticipated airdrops in the Solana ecosystem this year.

This indicates that, although the enthusiasm for accumulation is not high after the airdrop, most people still treated this airdrop as a short-term liquidity opportunity rather than a long-term investment opportunity.

ME Price Prediction: Can it Return to $5?

If the current downtrend continues, the price of Magic Eden may test the critical support level of $4. If it falls below $4, it could lead to greater selling pressure, and the price may weaken further.

However, $4 could potentially become a strong support level; if the price can stabilize above this level, it may prevent further declines and maintain stability at least in the short term.

On the other hand, if positive market momentum occurs, Magic Eden could rebound and test the resistance level of $4.69. If it successfully breaks through this level, it could pave the way for a rise to $5.10. If buying activity further strengthens, ME could even surge to $5.72.

These resistance levels will be key factors in determining whether ME can return to a strong upward trajectory.