At this time, the total community allocation of ME tokens is 12.5%, which is based on 125 million tokens on Solana, totaling approximately $312 million (according to pre-listing price indications from Whales Pro). In the presale market, the price of ME tokens is $2.50, and it has increased by 233% in the past 24 hours, with a trading volume of approximately $193,000. Following data from CoinGecko, this airdrop makes ME one of the top 20 largest cryptocurrency airdrops in history.

Regardless of the price of ME at the time of listing, Magic Eden users will receive one of the largest community airdrops of 2024. An announcement from the ME Foundation indicates that the Token Generation Event (TGE) is expected to be completed in a few weeks. The 12.5% allocation will be unlocked immediately, which is comparable to Magic Eden's competitor, the Solana NFT platform Tensor, and exceeds the 10% unlocked by the Solana DEX aggregator Jupiter in its community airdrop.

Additionally, another 225 million ME tokens will be allocated for future user airdrops. Magic Eden's CEO, Jack Lu, stated that users will be able to use ME tokens through their daily interactions with Magic Eden products in the future.

Although most users welcome the token airdrop plan, questions regarding how to convert existing point system diamonds to ME tokens remain unanswered. Several Twitter (now known as X) users are seeking specific details about this conversion, and Web3 community member Dfarmer urged Magic Eden to elaborate further on social media.

Since its initial launch as a Solana NFT platform, Magic Eden has expanded to multiple blockchains, including Bitcoin and Ethereum, and has processed over $1.12 billion in trading volume, maintaining a 33% market share within the platform.