Magic Eden airdrop fails and users lose capitalization
The long-awaited airdrop of the ME token from the Magic Eden NFT marketplace made waves in the cryptocurrency community on December 10, 2024. But it was not positive.
Valued at over $700 million, the event attracted a significant number of participants eager to claim a share of the ME tokens. However, the complicated claiming process and technical glitches left many users frustrated. Worse still, they missed out on the chance to capitalize on the tokens’ peak prices. Complaints were widespread across the market.