Binance Lists Magic Eden's ME Token, Airdrop Imminent

Binance, the world's largest cryptocurrency exchange by trading volume, announced today that it will list Magic Eden's native token, ME.

Listing Details

• Listing Time: 15:00 UTC on December 10th
• Trading Pairs: ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY
• Zero Trading Fees: Binance will offer zero trading fees for ME pairs to attract users.
• Seed Tag Applied: A special identifier will be applied to distinguish ME from other tokens.
• Trading Restrictions: Trading eligibility may apply to certain regions.

ME Token Surges on Listing News

Following the listing announcement, the price of ME surged by over 53%. This significant price jump aligns with previous trends observed when Binance listed other tokens, such as ORCA and ACX, which also experienced substantial price increases.

Magic Eden's Airdrop

This listing announcement coincides with the upcoming airdrop of ME tokens by the Magic Eden NFT marketplace. The airdrop is expected to reward users who list their Solana NFTs for sale on the platform.

Key Points:

• ME Token Utility: The ME token plays a crucial role within the Magic Eden ecosystem, enabling users to list and buy Solana NFTs on the platform.
• Airdrop Details: The ME token claim will begin at 2 PM GMT on December 10th.
• U.S. Limitations: The airdrop may have limitations for users residing in the United States due to recent domain changes by Magic Eden.

December 2024, Cryptoniteuae