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Rank #472 · NFT · data from 24 Oct 2026, 07:57 UTC

Magic Eden (ME) price and market cap

The ecosystem token of Magic Eden, an NFT marketplace that started on Solana. In 2026 the company closed its EVM and Bitcoin marketplaces and turned to Solana and its online casino, Dicey.

Price
$0.0610
Market cap
$36M
Volume, 24h
$143M
Rank
#472
1h
-1.57%
24h
-0.82%
7d
-2.73%
30d
-19.64%
1y
-85.84%
Last 30 days: -19.70% · low $0.0569 · high $0.0810
Price in US dollars · figures refresh on every visit · chart to 24 Oct 2026, 07:57 UTC

01 In its sector

Magic Eden against the NFT sector

Magic Eden is number 33 of 59 NFT coins in the top 1,000 by market cap. Over the last year Magic Eden fell 85.8%, while the median NFT coin fell 62.8% — 23.0 points behind its sector.

Magic Eden against the median NFT coin
PeriodMESector medianGap, points
1 hour -1.57% -0.51% -1.1
24 hours -0.82% -2.86% +2.0
7 days -2.73% -6.42% +3.7
30 days -19.64% -8.88% -10.8
1 year -85.84% -62.81% -23.0

The median is taken over the 59 NFT coins in the top 1,000, stablecoins excluded, so one coin's spike cannot drag it. The whole sector is drawn on the NFT heatmap, sized by market cap and coloured by the same changes.

02 Neighbours

The coins ranked either side

Coins ranked next to Magic Eden by market cap
RankCoinMarket cap24h7d
469 CSPRCasper $37M -3.04% -8.37%
470 EURIEurite $37M 0.00% -0.34%
471 MOCAMoca Network $37M +3.12% -1.76%
472 MEMagic Eden $36M -0.82% -2.73%
473 IOTXIoTeX $36M -7.60% +1.79%
474 GUSDGemini Dollar $36M +0.01% +0.03%
475 PROVESuccinct $36M +0.96% +0.11%

Magic Eden would need a 1.2% larger market cap to pass Moca Network at #471, and IoTeX at #473 is 0.1% smaller.

03 Fact sheet

What to know about Magic Eden

Launched

10 Dec 2024. Launched on Solana with 12.5% of supply airdropped to users.[1, 2]

Team

Magic Eden, led by CEO Jack Lu.[3, 4]

Funding

$130M Series B in June 2022 at a $1.6B valuation, led by Electric Capital and Greylock.[3, 4]

Token

Described at launch as paying fees across chains, staking and governance; we found no official documentation of how these work today.[5, 1, 2]

Supply

1,000,000,000 maximum.[5, 1, 2]

Timeline
  • Token launch and airdrop.[1]
  • EVM and Bitcoin marketplaces wound down to focus on Solana and the Dicey casino; the CEO cited cost.[4]
  • About 172M ME (≈17% of supply) unlocked, most of it to contributors.[6]
  • ME buyers file a proposed class action, Pagan v. Lu, in the Eastern District of New York; in September claims against two defendants were dismissed, the rest remain.[4]
  • An exploit of a third-party contract the old EVM marketplace used drained some wallets; a whitehat rescue saved 23,155 NFTs worth over $5.7M. Live listings were not affected.[7]
Risk flags
  • The business has shifted from NFTs toward online gambling.[4]
  • Pending class action by token buyers.[4]
  • Token functions are described by third parties, not in official documentation.[1]

Researched as of 21 Oct 2026. Facts with their sources, not a rating: where a source does not say, neither does this page. Nothing here is investment advice.

Sources

  1. Magic Eden ME airdrop — Trust Wallet
  2. Magic Eden (ME) — Tokenomist
  3. Magic Eden hits unicorn status — Axios
  4. Magic Eden shifts focus from NFTs to casino platform — CT
  5. Magic Eden to adopt the ecosystem token ME — The Block
  6. Token unlocks, second week of June 2026 — BeInCrypto
  7. Magic Eden legacy approvals leave $5.7M in NFTs exposed — The Block

04 Where it trades

Exchanges

Magic Eden trades on 11 of the 12 exchanges the app tracks: Binance, Bybit, OKX, Coinbase, MEXC, BingX, Bitget, Gate.io, Kraken, KuCoin and Crypto.com, in order of its trading volume on each. The list is ours, not the whole market — smaller venues are left out — and nothing on this page links to an exchange.

05 The app

Magic Eden next to the rest of the market

This page is one coin. The app it was cut from draws all 1,000 as a board — every coin a bubble sized by market cap and coloured by its move — with filters by sector, chain and exchange, and favorites to keep the ones you follow. Free, no ads, no account, and it runs in a browser tab as well as on a phone.