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    Home»Crypto News»Magic Eden (ME) Token Soars 53% Amid Binance Itemizing Announcement
    Magic Eden (ME) Token Soars 53% Amid Binance Itemizing Announcement
    Crypto News

    Magic Eden (ME) Token Soars 53% Amid Binance Itemizing Announcement

    By Crypto EditorDecember 10, 2024No Comments3 Mins Read
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    Binance, the biggest crypto change platform by buying and selling quantity, introduced plans to record Magic Eden (ME).

    The announcement comes forward of Magic Eden’s confirmed airdrop, which presents a doubtlessly profitable alternative for members.

    Binance New Itemizing: What Traders Want To Know

    In an official announcement on Tuesday, December 10, Binance mentioned it could record Magic Eden’s powering token, ME. The itemizing will occur at 15:00 UTC, with 4 spot buying and selling pairs to go dwell.

    “New Spot Buying and selling Pairs: ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY,” Binance mentioned.

    The change indicated that customers might already begin depositing ME in preparation for buying and selling, with withdrawals resulting from open 24 hours after the itemizing. Of be aware is that this Binance itemizing comes with zero charges, which suggests customers can commerce the token on the platform with out incurring any buying and selling charges. Zero-fee options are among the many promotional methods exchanges make use of to draw extra customers.

    Additional, the change will apply a seed tag for this new itemizing, with the particular identifier anticipated to assist distinguish Magic Eden’s ME from different tokens. Additionally it is price mentioning that buying and selling of the aforementioned new buying and selling pair(s) is topic to eligibility.

    Within the rapid aftermath of the itemizing announcement, Magic Eden’s ME token skyrocketed by over 53%.

    ME Price Performance
    ME Worth Efficiency. Supply: TradingView

    That is anticipated, given the impression of Binance itemizing bulletins on different tokens earlier than ME. Amongst others, ORCA and ACX tokens additionally skyrocketed on Binance’s itemizing announcement final week. Conversely, token delisting bulletins are likely to exhibit opposite impacts, with the worth of affected tokens plunging within the rapid aftermath.

    Magic Eden To Airdrop ME Tokens

    In the meantime, the Binance change’s itemizing announcement comes amid plans for the Magic Eden NFT market to airdrop ME tokens after elevating practically $160 million. As BeInCrypto reported, the ME token is central to the Magic Eden ecosystem, and its upcoming airdrop presents a doubtlessly profitable alternative for members.

    The airdrop, which additionally passes as a token technology occasion (TGE) for the Magic Eden Ecosystem, presents a possibility for customers to record their Solana NFTs (non-fungible tokens) on the market in ME. In flip, they’d earn tokens from these gross sales.

    “…It is possible for you to to record Solana NFTs in ME and purchase these NFTs in ME,” Magic Eden defined.

    The ME declare will begin at 2 PM GMT on Tuesday, December 10. Nonetheless, Magic Eden clarified the limitation to US audiences. This follows the NFT market’s latest area adjustments between the US and different world areas. 

    Disclaimer

    In adherence to the Belief Venture pointers, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to offer correct, well timed info. Nonetheless, readers are suggested to confirm info independently and seek the advice of with knowledgeable earlier than making any choices based mostly on this content material. Please be aware that our Phrases and Situations, Privateness Coverage, and Disclaimers have been up to date.



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