CandleFocus Magic Eden (ME) Price Drops to All-Time Low as 80% of Claimers Already Sold Their Coins
2024-12-13
Author: Content Editor
The price of Magic Eden (ME) has faced difficulties after its airdrop, with 75% of the 125 million tokens already claimed. The majority of the tokens were claimed in the first hour, but the remaining 25% are expected to be claimed gradually without significant price disruptions. Approximately 80% of those who claimed tokens have sold their entire allocation, indicating limited long-term interest. The price of ME will depend on its ability to hold support levels at $4 or break through resistances at $4.69 and $5.10. Around 94 million tokens out of the total supply have been claimed, and the unclaimed portion is not expected to have a significant impact on price.
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