The post Magic Eden, Anzen Finance, Fuel, and Odos appeared on BitcoinEthereumNews.com.

In this article, we do a recap of all the latest news in the crypto airdrop sector. Some projects, like Magic Eden and Anzen Finance, have released their own token to their respective communities, stirring mixed emotions. Others, however, like Fuel and Odos, have planned the launch and distribution of their digital resources, which will debut on the market by the end of the year. Let’s see all the details below. The NFT marketplace Magic Eden releases the airdrop of the crypto ME: $15 billion of FDV at launch On December 10, Magic Eden, a well-known cross-chain NFT marketplace, launched the airdrop of its native crypto ME, achieving great success. The token, distributed to over 100,000 users, reached a valuation of 15 billion dollars in FDV immediately after the listing on the crypto exchanges. In total, 125 million tokens were airdropped, equal to 12.5% of the total supply, with almost 69 million ME redeemed in the first hour after the claim opened. Unlike other recent successful airdrops, such as the one from Hyperliquid, in this case, the price action was very bear at the TGE. The crypto ME collapsed by 54% just 24 hours after its official debut, dropping from a peak of 17 dollars to about 5 dollars. In any case, this was a great event for Magid Eden, which attracted a lot of participation, recording a trading volume of 300 million dollars. At the time of writing the article, the FDV is 4.2 billion dollars while the market cap is around 550 million dollars. With nearly $300mn of trading volume, the MagicEden token is settling around a $5bn-6bn FDV for now. Despite the difficulty claiming tokens and the initial pump to $17bn+, it’s a very strong result, imo. pic.twitter.com/aG9m58qEnI — Stats (@punk9059) December 10, 2024 The large numbers…

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Filed under: News - @ December 14, 2024 7:12 am