Magic Eden is preparing for its token generation event for the ME asset. There are speculations about a potential listing on Binance. The ME asset has garnered attention on social media and its airdrop follows the announcement of PENGU and Hyperliquid. The launch price for ME is expected to be around $3, but pre-market speculation suggests a higher range. Magic Eden is betting on renewed interest in NFTs and aims to attract long-term users. ME tokens will be available for swaps through the Phantom wallet. Some users expect the ME airdrops to be worth a few hundred dollars. On-chain researchers have speculated about Binance preparing for deposits of ME, but no official announcement has been made. The ME token transactions currently lack reliability. The ME asset is showing low-grade trading activity, raising doubts about its authenticity. ME is intended to become a multi-chain token and the distribution includes a December 10 airdrop of 12.5% of the total supply. The goal of ME is to serve as a governance token for the NFT market.



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