Magic Eden - Frequently Asked Questions

Question 1

What is Magic Eden?

Sharpe Labs · Accepted Answer

$ME is powering the onchain economy and represents the most powerful suite of cross chain trading, minting, and wallet protocols. Adopted by Magic Eden as their official token, $ME will represent the largest community of onchain users who will earn $ME for trading all assets on all chains. Magic Eden operates on the Solana blockchain network. For more information, visit the official Magic Eden website at https://mefoundation.com/

Question 2

What is the current price of Magic Eden?

Sharpe Labs · Accepted Answer

The current Magic Eden price today is $0.3755 USD. The Magic Eden (ME) price has decreased by -0.71% over the last 24 hours. The real-time Magic Eden price is down and updated live based on trading data from decentralized exchanges. You can track ME price movements to make informed trading decisions.

Question 3

Where can I track Magic Eden price?

Sharpe Labs · Accepted Answer

You can track Magic Eden (ME) price in real-time on Sharpe DEX Scan at https://sharpe.ai/dexscan/solana/magic-eden. Our platform provides live Magic Eden price updates, 24-hour price change percentages, interactive TradingView charts with technical indicators, real-time trading volume data, and ME holder analytics. The Magic Eden price is updated every few seconds, ensuring you have the most accurate market data for trading decisions. Track ME price movements across multiple timeframes, monitor trading volume trends, analyze holder distribution patterns, and view recent Magic Eden transactions all in one place. Sharpe AI DEX Scanner is the best platform to track Magic Eden price with professional-grade analytics and real-time market data.

Question 4

How many holders does Magic Eden have?

Sharpe Labs · Accepted Answer

Magic Eden currently has 148,160 token holders on the Solana blockchain network. The Magic Eden holder count represents unique wallet addresses that actively hold ME tokens. The number of Magic Eden (ME) holders is regularly updated and reflects the size and growth of the Magic Eden community. More holders typically indicate stronger adoption and community support for Magic Eden. Join the Magic Eden community: Twitter: https://x.com/mefndn

Question 5

What is the circulating supply of Magic Eden?

Sharpe Labs · Accepted Answer

The Magic Eden circulating supply is currently 167,488,435 ME tokens. The total Magic Eden supply is 999,994,402 ME tokens. As of now, 16.7% of the total ME supply is in active circulation, meaning a portion is available for trading. Magic Eden (ME) token supply metrics are essential for calculating market capitalization, understanding token distribution, and evaluating scarcity. The circulating supply of Magic Eden directly impacts the token's market value and price dynamics.

Question 6

How to buy Magic Eden?

Sharpe Labs · Accepted Answer

To buy Magic Eden (ME) on Sharpe AI DEX Scanner, click the Buy button located at the top of the Magic Eden page. This will open a trading interface where you can connect your cryptocurrency wallet (such as MetaMask, Trust Wallet, or Phantom for Solana). Once connected, the interface will show you the current Magic Eden price and allow you to enter the amount of ME you want to purchase. The Buy button connects directly to decentralized exchanges, making it easy to swap your tokens for Magic Eden. Always verify you have sufficient balance in your wallet and review the transaction details including gas fees before confirming your purchase. Track ME price movements on Sharpe AI DEX Scanner to find the optimal entry point for buying Magic Eden.

Question 7

How to sell Magic Eden?

Sharpe Labs · Accepted Answer

To sell Magic Eden (ME) on Sharpe AI DEX Scanner, click the Sell button located at the top of the Magic Eden page, next to the Buy button. This will open a trading interface where you need to connect your cryptocurrency wallet that contains your ME tokens. Once your wallet is connected, the interface will display your current Magic Eden balance and allow you to enter the amount of ME you want to sell. The Sell button connects directly to decentralized exchanges, enabling you to swap your Magic Eden for other tokens like USDT or USDC. Review the current Magic Eden price, check the transaction details including slippage tolerance and gas fees, and confirm the transaction in your wallet. Use Sharpe AI DEX Scanner's real-time price charts and trading volume data to determine the optimal time to sell ME for maximum returns.

Question 8

Is Magic Eden a good investment?

Sharpe Labs · Accepted Answer

Whether Magic Eden (ME) is a good investment depends on multiple factors including your risk tolerance, investment goals, market conditions, and thorough research. Magic Eden currently has 148,160 holders, which indicates the level of community adoption. Before investing in Magic Eden, consider: 1) Research the project's fundamentals, team credentials, and roadmap. 2) Analyze ME tokenomics, including total supply, circulating supply, and token distribution. 3) Review the Magic Eden whitepaper and use case to understand the project's value proposition. 4) Monitor ME price trends, trading volume, and market sentiment on Sharpe AI DEX Scanner. 5) Check Solana blockchain explorer for contract verification and transaction history. 6) Assess Magic Eden community engagement and social media presence. Cryptocurrency investments carry significant risk due to market volatility. Magic Eden price can fluctuate dramatically in short periods. Never invest more than you can afford to lose, diversify your portfolio across multiple assets, and consider consulting with a financial advisor. Use Sharpe AI's real-time analytics to track Magic Eden performance metrics, holder distribution, and trading patterns before making investment decisions.

Question 9

How can I view Magic Eden transactions?

Sharpe Labs · Accepted Answer

You can view Magic Eden (ME) transactions in real-time on Sharpe AI DEX Scanner. The Transactions tab displays all recent Magic Eden buy and sell orders, swap transactions, mint and burn events with detailed information including transaction hash, wallet address, transaction type (buy/sell), token amount, USD value, and timestamp. Each ME transaction shows the exact price at which the trade occurred, allowing you to analyze Magic Eden trading patterns and market activity. You can filter Magic Eden transactions by type (Buy, Sell, Mint, Burn), set price range filters, and search for specific wallet addresses to track whale movements. Click on any ME transaction to view complete details on the blockchain explorer. Monitor Magic Eden transactions to identify trading trends, spot large buyers and sellers, and understand market sentiment for ME token.

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