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Magic Eden Token Debuts in Disaster, Asset Plunges 67%

Magic Eden Token Debuts in Disaster, Asset Plunges 67%

HappyCoinNewsHappyCoinNews2024/12/11 17:33
By:HappyCoinNews

Tuesday the listing took place native token of the trading NFT -sites magic eden on several crypto exchanges at once: Binance , Upbit , Bithumb and Coinbase. Later, the asset was placed on its platform OK .

The addition of the token was accompanied by a distribution, for which the developers allocated 125 million magic eden (ME) or approximately 12,5% ​​of the total volume. Immediately after the debut, the ME rate reached a record high of $17, but less than two hours after the airdrop, the asset's value fell by more than 67% to $4,42. Later, the token rate recovered slightly and is now trading at $5,71.

Magic Eden Token Debuts in Disaster, Asset Plunges 67% image 0

ME token chart

Token distribution magic eden has drawn criticism from users, with many reporting problems with the mobile app. magic eden , calling it buggy and difficult to navigate. They also harshly criticized the ineffective work of the project's developers.

My app is frozen, I can't get tokens. What's going on? - wrote one user.

Some members of the crypto community were outraged by the fact that they were unable to obtain magic eden it was only possible in the app.

A few hours after the complaints were received, the developers magic eden reported that they had resolved all technical issues. However, the negative impression from the distribution remained.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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