CandleFocus Magic Eden Airdrop Frenzy: One Farmer Cashes in Over $2 Million
2024-12-12
Author: Content Editor
The ME Foundation launched its ME token via an airdrop on the NFT marketplace Magic Eden. One airdrop participant managed to make over $2 million through the airdrop, claiming 398,399 ME tokens and selling some on a decentralized exchange for a $477,000 gain. The remaining tokens were transferred to Binance for sale. The airdrop was highly anticipated, but the token's price surged to a high of $13 before quickly dropping to $5.14 as participants started selling for SOL and stablecoins. The airdrop process was criticized as overcomplicated, with users experiencing errors and confusion when claiming their tokens.
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