Magic Eden (ME) Price Drops to All-Time Low as 80% of Claimers Already Sold Their Coins

BE[IN]CRYPTO12-14

75% of ME tokens claimed in a rapid airdrop, with 80% of claimers selling their entire allocation. Limited long-term holding suggests participants treated the airdrop as a liquidity opportunity rather...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMagic Eden (ME) Price Drops to All-Time Low as 80% of Claimers Already Sold Their Coins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-14 05:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/me-price-all-time-low/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>75% of ME tokens claimed in a rapid airdrop, with 80% of claimers selling their entire allocation.\nLimited long-term holding suggests participants treated the airdrop as a liquidity opportunity rather...</p>\n\n<a href=\"https://beincrypto.com/me-price-all-time-low/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ME","symbol_name":"23andMe, Inc.","start_time":0,"source_url":"https://beincrypto.com/me-price-all-time-low/","article_id":"2491581166","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/08/bic_altcoins_alt_coins-covers_neutral-4-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491581166","pubTimestamp":1734125400,"columns":[],"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"75% of ME tokens claimed in a rapid airdrop, with 80% of claimers selling their entire allocation.Limited long-term holding suggests participants treated the airdrop as a liquidity opportunity rather than an investment.ME price hovers near $4 support, with resistance at $4.69 and $5.10 defining its recovery potential.Magic Eden  price has struggled following its airdrop, with 75% of the 125 millions tokens already claimed. Most of the activity occurred in the first hour, with over 60 million tokens claimed, while the remaining 25% is expected to be claimed gradually without major price disruptions.Roughly 80% of claimers have sold their entire allocation, and only 8.3% are holding all their tokens, signaling limited long-term interest among recipients. As ME hovers around key support levels, its ability to hold $4 or break through resistances at $4.69 and $5.10 will define its next price movement.Out of the 125,000,000 ME tokens distributed in the airdrop, around 94,000,000 have alread","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ME":"23andMe, Inc.","BK4196":"保健护理服务","BK4121":"生命科学工具和服务"},"translate_title":"Magic Eden(ME)价格跌至历史新低，80%的索赔者已经出售了他们的硬币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ME":1},"content_text":"75% of ME tokens claimed in a rapid airdrop, with 80% of claimers selling their entire allocation.\nLimited long-term holding suggests participants treated the airdrop as a liquidity opportunity rather than an investment.\nME price hovers near $4 support, with resistance at $4.69 and $5.10 defining its recovery potential.\n\nMagic Eden (ME) price has struggled following its airdrop, with 75% of the 125 millions tokens already claimed. Most of the activity occurred in the first hour, with over 60 million tokens claimed, while the remaining 25% is expected to be claimed gradually without major price disruptions. \nRoughly 80% of claimers have sold their entire allocation, and only 8.3% are holding all their tokens, signaling limited long-term interest among recipients. As ME hovers around key support levels, its ability to hold $4 or break through resistances at $4.69 and $5.10 will define its next price movement.\nUsers Claimed 75% of the ME Available\nOut of the 125,000,000 ME tokens distributed in the airdrop, around 94,000,000 have already been claimed. That accounts for 75% of the total supply. \nAs expected, the initial surge of activity saw over 60 million tokens claimed within the first hour.\nME Total Tokens Claimed per Hour. Source: Dune. \nThe remaining 25% of tokens are likely to be claimed gradually over the coming days, as most recipients who were eager to sell or use their tokens have likely already done so. This slower pace of claims reduces the likelihood of sudden sell-offs that could significantly impact ME’s price. \nAs a result, the unclaimed portion is expected to have minimal influence on ME price.\nRoughly 80% of Claimers Already Sold All Their ME\nSo far, 133,888 wallets have claimed ME tokens, with 108,070 wallets—roughly 80%—selling their entire allocation from the airdrop. \nWhen including wallets that sold at least 25% of their tokens, the figure rises to 121,617, or 90% of all participants. \nME Claimers Details. Source: Dune. \nOnly 11,175 wallets, or 8.3%, have chosen to hold all their airdropped ME. Just 1,276 wallets—representing 0.95%—bought additional ME after receiving their coins, in one of the most awaited airdrops in the Solana ecosystem for this year. \nThis suggests that while there is limited enthusiasm for accumulation post-airdrop, most participants treated the event as a short-term liquidity opportunity rather than a long-term investment. \nME Price Prediction: Can It Go Back to $5?\nIf the current downtrend persists, Magic Eden price could test $4 as the next significant support level. A break below this level might signal further weakness, potentially leading to extended selling pressure. \nHowever, $4 will likely provide a strong floor, and staying above it could prevent deeper declines in the near term.\nME Price Analysis. Source: TradingView\nOn the other hand, if positive momentum emerges, Magic Eden could rebound and test the $4.69 resistance level. Breaking through this resistance could pave the way for a rise to $5.10. If that happens, ME has the potential to reach as high as $5.72 if buying activity intensifies. \nThese resistance levels will likely play a critical role in determining whether ME can regain a strong upward trajectory.\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\n\neToro\nExplore\n                      \n\n\n\n\n\nWirex\nExplore\n                      \n\n\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\nPhemex\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\neToro\n\n\n\n\n\n\n\n\nWirex\n\n\n\n\n\n\n\n\nYouHodler\n\n\n\n\n\n\n\n\nPhemex\n\n\n\n\n\n\n\n\nMargex","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491581166"}