The ME Foundation launched the ME token for users of leading NFT ($0.00) marketplace Magic Eden on Tuesday, with demand for the token driving complaints of issues with the claim process as the size of the airdrop topped $700 million.
The ME airdrop was hotly anticipated, with users of Magic Eden hoping to be handsomely rewarded for their NFT marketplace activity. November pre-market trading anticipated a token price of $4.50, which would have seen $562 million handed out, with the pre-market price on Whales Market surging to $5.82 late Monday ahead of the drop.
Those estimates appeared to be in the right ballpark, with the ME token’s price bouncing between a range of approximately $4.40 and $6.00 following initial volatility.
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