Magic Eden ME

What ME actually is on-chain

Magic Eden is an SPL token deployed on Solana, at contract address MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u. That address, not the ticker ME, is what uniquely identifies this asset: anyone can deploy a second token calling itself ME, but the contract is unforgeable. Verify it against solscan.io before sending funds or approving a spend.

On Solana the token account model means ME is held in an associated token account derived from the mint above, and a wallet has to be rent-funded in SOL before it can receive the token at all. Fees are a fraction of a cent, so the cost of trading ME is dominated by pool slippage in Raydium and Orca pools, not by gas — the opposite of the EVM case.

Another asset tracked on this site also uses the ticker ME: Literally Me (Solana, 4Y47LE…pump). The asset on this page is specifically the Solana deployment at MEFNBX…m21u. These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For ME the project publishes a public source repository and an active account as @MeFndn. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where ME sits in the market

#462 places Magic Eden in the bottom of the mid-cap band. At this end of the mid-cap band listing status is not a fixed property. Exchanges review names like ME on volume grounds, and a delisting notice repricing the asset faster than any chart pattern is a more realistic tail risk than anything in the indicator set.

CryptoPingAi is currently streaming 6 live ME order books (Binance, OKX, Gate.io, HTX, Upbit, Bithumb). That is wider coverage than most assets ranked near #462 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

ME against its all-time high

ME is down more than 95% from its $17.00 peak (on 2024-12-10), leaving a 301x gap to reclaim. A drawdown this deep strips the record of analytical use: the supply structure, the holder base and usually the market cycle behind that print no longer exist. For ME the informative reference is the downside, which makes the range section below more relevant than this one. That high was set roughly 2 years ago, recently enough that it still anchors how most current holders frame the asset.

ME across its historical range

ME has traded across a 307x range, between $0.0553 and $17.00. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

ME trades within 2.0% of the all-time low of $0.0553 set on 2026-06-30. Below that mark the chart is blank — no prior trading means no support level to cite, no volume shelf and no cluster of cost basis to lean on. That low is recent, so this is an active downtrend rather than an old floor holding: each fresh low retires the previous one as a reference.

ME supply structure

ME is capped at 1.00 billion ME, of which only 514.1 million is circulating — 51.4% issued, leaving 485.9 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset ME is

Magic Eden falls in the gaming and virtual-world category, where token demand depends on player retention rather than on financial flows. The recurring failure mode for this class is well documented: in-game emissions create constant sell pressure while the user base plateaus, so the supply sink stops working before the supply tap does. Active-user data is a better leading indicator here than anything on the price chart.

CoinGecko files ME under 5 categories, including NFT, Solana Ecosystem, NFT Marketplace, Paradigm Portfolio, Sequoia Capital Portfolio. CoinGecko also records deployments on Solana (3,129 tracked tokens), so its on-chain liquidity and its user base move with that network. Worth flagging from the metadata: ME appears in the Paradigm portfolio.

How to set a Magic Eden alert that is worth receiving

Magic Eden is the SPL token at MEFNBX…m21u on Solana — quoted on 6 venues we stream — high dated 2024-12-10 — rank #462. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →