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After announcing its ME token back in August, Magic Eden finally launched the token today, alongside an impressive number of listings across several tier one and two centralized exchanges.

About 10 minutes before launch, ME saw a 47% spike from $6.04 to a high of $8.9 on its pre-launch perps on Aevo. Two hours after launch, however, ME has cratered to a $581 million market cap, down 60% from $1.48 billion.

Source: OKX

Users are reporting technical difficulties trying to claim the airdrop on the Magic Eden wallet. As part of Magic Eden’s criteria, users had to install its mobile wallet…

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