#MajorAirdropWatch

The Magic Eden ($ME) token has seen a turbulent launch this month. Initially, it showed strong pre-market trading demand, with prices hovering around $3.12–$3.20 USDT​

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KUCOIN

. However, after its debut, the token experienced a sharp 53% decline, largely attributed to technical issues with the Magic Eden platform and a mismatch between initial market enthusiasm and actual user adoption​.

Despite this rocky start, the $ME token has potential tied to Magic Eden's NFT ecosystem, with plans for staking rewards and governance functionalities. Market analysts suggest the token could stabilize between $3–$4.5 USDT in the medium term, depending on adoption and cross-chain integrations​.