Magic Eden gears up for a potential launch, and Binance seems to be getting in on the action.
Expectations and predictions
Magic Eden is set to debut with high hopes and a conservative launch price of around $3, but some optimistic traders are predicting an initial price of $5, or even $10 if hype reaches fever pitch.
Pre-market speculation has already seen the ME ticker trading at prices as high as $4.65, hinting that the first hours of trading could be quite lively.
has been clear about one thing, stick to their official channels for any information regarding token generation or airdrops.
They’re warning users to avoid any sketchy links or suggestions that could lead to trouble, and shared that once trading kicks off, ME tokens will be available for swaps via the Phantom wallet, but there will be some restrictions based on what trading pairs are available.
Magic Eden airdrop
User’s hype is big, and loud with expectations that ME airdrops could be worth several hundred dollars, but some long-term NFT holders were caught off guard by receiving a smaller allocation than they anticipated.
It looks like not all activities will boost the ME airdrop, but those holding the Magic Eden Diamond Collection might see a bigger share.
While the actual ME token hasn’t been created yet and Magic Eden hasn’t announced an official smart contract, on-chain researchers are speculating that Binance is prepping for deposits related to ME.
So far, Binance hasn’t confirmed any plans to list ME, but OKX has mentioned it will list the asset immediately, and KuCoin is allowing pre-market price discovery.
Binance listing on the horizon
But the interesting thing is, a wallet tagged as ‘Binance Deposit’ by Arkham Intelligence has been monitored for signs of ME onboarding, and this wallet also created another token account labeled ‘Magic Eden,’ which leads to a smart contract associated with ME, but it’s not verified yet.
The distribution of this contract doesn’t match the previously announced ME tokenomics either. But the speculation is always sweet, isn’t it?
Another interesting thing is that ME wants to become a multi-chain token, launching on Bitcoin, Ethereum, Solana, and Polygon.
