Actually really good take on the $ME drop:

The difference between #Diamonds and the $ME token
First of all, it’s important to clarify that the $ME token belongs to Magic Eden Foundation , while the diamonds are part of Magic Eden.
Diamonds and the $ME token are different. The $ME token claim will happen in a few weeks, which corresponds to 12.5% of the total supply.
According to the official tokenomics post, there is an additional 22.5% allocated to the rewards program. This means that, essentially, we will have two airdrops: the first will be the launch of the $ME token, and the second will be a gradual exchange of diamonds for $ME, released progressively after the initial airdrop.
things are clearer now ✅ 
$ME airdrop in a few weeks 
Swap #Diamonds for $ME later

X Post: https://x.com/NotazWeb3/status/1858598975122928078

Exciting strategy by Magic Eden! Two-tier airdrop approach with $ME and Diamonds shows smart tokenomics. Can't wait to see how this boosts user engagement in Web3!