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Thoughts on the Magic Eden airdrop:
125M tokens have been allocated for the airdrop. Let’s round it down to 100M, assuming a portion will be distributed to holders of top collections. If ME distributes tokens like other “Tier-1 projects,” targeting 500,000 participants, the average airdrop would be 200 ME per participant.
I don’t know the average number of Diamonds per user, so the following is pure speculation. Let’s assume it’s approximately 5,000. Dividing the average 200 ME airdrop by 5,000 Diamonds, we get an approximate value of 1 Diamond = 0.05 ME.
The token’s value remains uncertain. Its pre-market price fluctuates significantly—yesterday it was $3.5, and today it’s $1. Based on the current price, the average airdrop is worth $200.
Thank you for reading! What are your thoughts on the upcoming airdrop? 0 reply
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