The ME Foundation has announced the launch date for its ME token, a significant development for Magic Eden users, slated for December 10. The ME token is linked to the Magic Eden marketplace and is expected to have a pre-market trading value exceeding $500 million. Users can claim the token through the Magic Eden Wallet app, with eligibility based on trading activity and historical use of the platform. On claim day, 12.5% of the total supply (125 million tokens) will be made available to eligible users, with an additional 22.5% (225 million tokens) reserved for future incentives. The ME token has already reached a pre-market price of $4.50, potentially leading to a total airdrop value of over $562 million on the claim day. This initiative reflects Magic Eden's evolution from a Solana NFT marketplace to a leading exchange for Bitcoin Runes and NFTs.

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