Magic Eden (ME) Tumbles 54% Following Massive 125 Million Token Airdrop

The price of ME, the token that powers the Magic Eden NFT marketplace, has declined 54% over the past 24 hours. This drop comes after the completion of its highly criticized 125 million token airdrop conducted on December 10.  As of this writing, ME trades at $4.99 and is poised to extend this decline.  Magic Eden’s Token Faces Headwinds On Tuesday, NFT marketplace Magic Eden conducted the... source: https://beincrypto.com/magic-eden-tumbles-following-airdrop/