ME

Magic Eden Price Today & AI Analysis

MESolanaAnalysis as of May 23, 2026

Price

$0.0772

-2.07% 24h

Contract

Live
MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u

Chain

Solana

Holders

152,028

Market cap

$77,190,783

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Magic Eden: holders, selling & liquidity

2026-05-23 08:17 UTC

Holder addresses

152,363

Top 10 supply share

Not available

Reported liquidity

$520,954.80
How concentrated is Magic Eden ownership?
Top-10 ownership concentration is not available in this report. The saved holder count is 152,363 addresses (2026-05-23 08:17 UTC). A holder count alone does not establish how supply is distributed.
Are large holders selling Magic Eden?
This report cannot establish whether large holders are selling: it does not include wallet-level holder balances over time matched to swaps. A complete buy/sell volume observation is not available in the saved inputs. A large swap alone does not identify a large holder, and a transfer alone does not prove a sale.
Is Magic Eden liquidity falling?
As of 2026-05-23 08:17 UTC, reported liquidity was $520,954.80. At least two timestamped liquidity observations are needed to establish a change; this report does not have them.
Sources, observations & limitations

Source: inputs saved with the report generated 2026-05-23 08:17 UTC. Original provider retrieval times and historical samples were not recorded. Legacy zero placeholders are treated as unavailable. Holder addresses are not unique people. The provider’s top-10 share is not adjusted here for pools, exchanges, burn addresses or related wallets. Sniper classifications and wallet-level holder history are unavailable. Inspect token on the block explorer.

Recent swap evidence

Swap evidence is unavailable for this report.

Report snapshot

as of May 23, 08:17 AM UTC

FDV

$97,034,780

Liquidity

$520,954.80

Holders

152,363

Snipers

Not available

Risk

High
Loading price chart…

AI Executive Summary

Risk

High

Sentiment

Neutral

Magic Eden ($ME) is the official token of the Magic Eden NFT and cross-chain trading platform, one of the largest NFT marketplaces in the Solana ecosystem. With a total supply of ~999.99M tokens, a current price of ~$0.097, and a fully diluted valuation of ~$97–99.6M, ME trades on Raydium with $520.95K in total liquidity. The token was distributed primarily via transfer (124,502 acquisitions) and airdrop (13,223), reflecting a broad community distribution. However, supply concentration is extremely high — the top 10 holders control 78.99% and the top 100 control 95.95% — posing significant centralization risk. Holder count has been in a slow but consistent decline for 30 days, dropping ~1,164 net holders (-0.76%). No snipers were detected in the first 1,000 blocks, which is a positive signal. The token's update authority has not been renounced (mutable: true), introducing some governance risk.

Key points

  • Official token of Magic Eden, a leading cross-chain NFT and trading platform
  • No sniper activity detected in the first 1,000 blocks post-launch
  • Broad initial distribution via airdrop and transfer to 152,363 holders
  • Near-balanced buy/sell pressure (49% buy vs 51% sell) over 24h
  • Verified contract with no spam flag

AI Price Analysis

neutral

Short term · 24–72 hours

neutral

Price has recovered from intraday lows near $0.0909 to current levels around $0.097, with a strong spike in candle [2] (07:00 UTC) pushing to $0.0988 on very high volume (285,558 units). The most recent candle [1] shows a pullback from the $0.0996 high to close at $0.0972, suggesting near-term resistance around $0.0996. Support is established around $0.0909–$0.0923. The 24h price change is modest at +0.76%, and buy/sell pressure is nearly balanced. Short-term direction is neutral with a slight bullish lean given the recent recovery.

Target low

$0.0909

Target high

$0.0996

Support

$0.0909 (24h intraday low, candle [10]), $0.0923 (candle [9] close), $0.0932 (candle [6] area)

Resistance

$0.0988 (candle [2] high/close), $0.0996 (candle [1] high, 24h peak), $0.0984 (candle [20] open)

Medium term · 2–4 weeks

neutral

The 30-day holder trend is declining (-1,164 net holders, -0.76%), and supply concentration remains extreme (top 10 at 78.99%). Without a catalyst such as a platform upgrade, new chain integration, or major trading volume surge on Magic Eden, price is likely to remain range-bound between $0.085 and $0.105. The FDV of ~$97–99.6M appears reasonable for a platform token of this scale, but sustained price appreciation requires renewed community engagement and holder growth.

Catalysts

  • Magic Eden platform expansion to new chains or asset classes
  • Increased NFT/trading volume driving token utility demand
  • Broader Solana ecosystem bull market
  • Token buyback or burn program announcement

Bullish factors

  • No sniper activity in first 1,000 blocks — clean launch
  • Magic Eden is a recognized, established brand in the NFT space
  • Recent price recovery from $0.0909 lows with high-volume candle
  • Near-balanced buy/sell pressure (49%/51%)
  • Verified contract, not flagged as spam

Bearish factors

  • Top 10 holders control 78.99% of supply — extreme concentration risk
  • Holder count declining for 30 consecutive days (-1,164 over 30d)
  • Update authority not renounced (mutable: true) — rug/change risk
  • Shallow liquidity ($520.95K) relative to FDV (~$97M)
  • Sell volume slightly exceeds buy volume ($114.44K vs $109.94K)

Confidence: low. Confidence is low due to extreme supply concentration (top 10 hold 78.99%), a consistently declining holder base over 30 days, shallow on-chain liquidity ($520.95K), and the token's update authority not being renounced (mutable metadata). The near-balanced buy/sell pressure and lack of sniper activity are positive but insufficient to raise confidence materially.

Token Info

Chain
Solana
Contract
MEFNBX...m21u
Total Supply
999,990,943.64 ME

Key Risks

  • Extreme supply concentration: top 10 hold 78.99%, top 3 hold 52.67% — whale sell risk is severe
  • Shallow liquidity ($520.95K) creates high slippage and price manipulation vulnerability
  • Persistent holder decline: -1,164 holders over 30 days with no reversal signal
  • Update authority not renounced (mutable: true) — metadata/governance risk

Smart money & sniper coverage

Sniper classifications and wallet-level trading histories are not available in this report. Sniper concentration, profit-taking and dump risk have not been assessed.

Deep Analysis

Over the 24 hourly candles analyzed (2026-05-22T09:00 to 2026-05-23T08:00 UTC), price followed a clear downtrend from ~$0.0964 (candle [24]) to a trough of ~$0.0909 (candle [10], 23:00 UTC on May 22), before staging a sharp recovery. Candle [2] (07:00 UTC May 23) was the standout — a strong bullish candle opening at $0.0942 and closing at $0.0988 on massive volume (285,559 units, dwarfing all other candles). Candle [1] (08:00 UTC) then showed a bearish pullback from the $0.0996 high, closing at $0.0972 — a potential shooting star or bearish engulfing signal at the recovery high. The overall 24h pattern is a V-shaped recovery with a potential exhaustion signal at the top.

Trend

Short-term

Uptrend

Medium-term

Downtrend

Short-term trend is upward following the V-shaped recovery from $0.0909 lows. Medium-term trend (across the full 24h window) remains a downtrend from the $0.0984 open area to current levels, with the recovery not yet reclaiming the session highs. The medium-term picture over 30 days shows a gradual drift lower in holder count, consistent with a bearish medium-term bias.

Momentum & Volume

Momentum

Neutral

Volume trend

Increasing

Buy

49%

Sell

51%

Key Price Levels

Immediate support

$0.0932 (candle [6] close area, multiple candle cluster)

Major support

$0.0909 (candle [10] low, 24h intraday low)

Immediate resistance

$0.0988 (candle [2] close, recent recovery high)

Major resistance

$0.0996 (candle [1] high, 24h session peak)

The $0.0909–$0.0912 zone represents the strongest support, having held as the 24h low. Immediate resistance sits at $0.0988 (candle [2] close), with the session high of $0.0996 as the next major barrier. A break above $0.0996 would open the path toward $0.1000+ psychological resistance. Below $0.0909, the next meaningful support is less defined from this dataset alone.

Notable patterns

  • V-shaped recovery from $0.0909 low to $0.0988 high
  • Volume spike anomaly in candle [2] (285,559 units vs avg ~1,500 for surrounding candles)
  • Potential shooting star / bearish engulfing in candle [1] after recovery high
  • Descending price action from candle [24] ($0.0964) to candle [10] ($0.0909) — 10 consecutive lower closes
  • Higher high in candle [2] vs candle [21] ($0.0988 vs $0.0984) — early sign of potential trend reversal

Liquidity

Liquidity

$520,954.80

Depth

Shallow

Slippage risk

High

Total liquidity of $520.95K on the primary Raydium pair (3nNg189ewAxiNeRt3hHuMzTrL6hpwUZ7zXUWTcQhTojq) is very shallow relative to the ~$97–99.6M FDV, representing only ~0.52% of FDV in liquidity. This creates significant slippage risk for any meaningful position size. The 24h net flow is slightly negative ($114.44K sell vs $109.94K buy = -$4.5K net outflow), consistent with the marginal sell pressure observed. With only 107 unique buyers and 109 unique sellers over 24h (148 unique wallets total), trading activity is thin and dominated by a small number of participants. The anomalous volume spike in candle [2] (285,559 units) likely represents a single large trade that skews the 24h volume figures. Market health is fragile — a single large whale sell order could move price significantly given the shallow liquidity depth.

Supply & authorities

Total supply

999,990,943.64 ME

FDV

$97,034,779.70

Mint authority

Not available

Freeze authority

Not available

Mint and freeze authority checks are not included in the saved provider observations. Metadata update authority does not establish either permission.

  • Volatilitymedium

    24h price range of $0.0909–$0.0996 represents ~9.5% intraday volatility. The anomalous volume spike in a single candle suggests price can move sharply on low liquidity. Medium volatility risk for a token of this market cap.

  • Liquidityhigh

    Total liquidity of only $520.95K against a ~$97M FDV (0.52% ratio) is dangerously shallow. Large trades will incur significant slippage, and a whale exit could crater the price. High liquidity risk.

  • ConcentrationNot assessed

    Ownership concentration cannot be assessed without a measured supply distribution.

  • Sniper DumpNot assessed

    Sniper classifications and wallet trading histories are unavailable.

  • AuthorityNot assessed

    Contract or authority checks are not included in the saved provider observations.

Key risks

  • Extreme supply concentration: top 10 hold 78.99%, top 3 hold 52.67% — whale sell risk is severe
  • Shallow liquidity ($520.95K) creates high slippage and price manipulation vulnerability
  • Persistent holder decline: -1,164 holders over 30 days with no reversal signal
  • Update authority not renounced (mutable: true) — metadata/governance risk
  • Sell volume slightly exceeds buy volume over 24h ($114.44K vs $109.94K)
  • Anomalous single-candle volume spike may indicate wash trading or manipulation

Mitigating factors

  • Magic Eden is an established, publicly known brand with real platform utility
  • Zero sniper activity in first 1,000 blocks — clean launch mechanics
  • Verified contract, not flagged as spam
  • 152,363 total holders provides broad base even if declining
  • Rate of holder decline is decelerating (worst was late April, now slowing)
  • Near-balanced buy/sell pressure suggests no panic selling

Suitable for

Suitable only for high-risk-tolerant investors with deep familiarity with Solana DeFi and NFT ecosystems. Not suitable for conservative or moderate-risk investors. Position sizing should account for extreme concentration risk and shallow liquidity. Any position should be sized to tolerate potential 50%+ drawdowns.

ME is the official utility and governance token of Magic Eden, one of the most recognized NFT marketplace brands in crypto. The token benefits from real platform adoption and a clean launch (no snipers), but faces severe structural headwinds: extreme supply concentration (top 10 hold 78.99%), a 30-day declining holder trend, shallow liquidity, and a mutable token with non-renounced authority. At ~$0.097 and ~$97M FDV, the token is priced for moderate optimism but lacks the on-chain momentum to justify near-term appreciation without a clear catalyst.

Scenario Analysis

Bull Case

Low probability

Magic Eden accelerates cross-chain expansion, driving significant trading volume growth. Token utility increases as ME is required for fee discounts, governance, or staking. A broader Solana/NFT bull market lifts all boats, and the declining holder trend reverses as new users onboard. Price could recover toward $0.15–$0.20 range.

  • Magic Eden platform volume surge across Solana, Bitcoin, and EVM chains
  • New token utility mechanisms (staking, fee discounts, governance)
  • Broader NFT market recovery and Solana ecosystem bull run
  • Strategic partnerships or integrations driving new user acquisition

Base Case

ME continues to trade in a $0.08–$0.11 range over the next 1–3 months. Holder decline continues at a slow pace (-0.5% to -1% per month). Liquidity remains shallow. Price is primarily driven by broader market sentiment rather than ME-specific catalysts. FDV remains in the $80–110M range.

  • No major whale distribution events
  • Magic Eden platform maintains current activity levels
  • Broader crypto market remains range-bound
  • No new token utility or burn mechanisms introduced
  • Holder decline continues to decelerate

Bear Case

Medium probability

One or more top-3 whale wallets (holding 52.67% combined) begin distributing into the thin $520.95K liquidity pool. Holder decline accelerates. Price collapses toward $0.03–$0.05 range as sell pressure overwhelms buyers. NFT market remains depressed.

  • Whale wallet distribution into shallow liquidity
  • Continued holder attrition accelerating beyond current -0.76%/month pace
  • NFT market volume remaining depressed on Magic Eden platform
  • Broader crypto bear market reducing risk appetite
  • Token metadata changes by update authority eroding trust

Analysis details

Generated

May 23, 08:17 AM UTC

Saved observation

2026-05-23 08:17 UTC

Model confidence

Low

Data sources

  • On-chain token metadata (Mint: MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u)
  • Raydium DEX pair data (3nNg189ewAxiNeRt3hHuMzTrL6hpwUZ7zXUWTcQhTojq)
  • 24-hour OHLC hourly candle data (24 candles)
  • Trading analytics (buy/sell volume, unique wallets)
  • Top 20 holder snapshot
  • 30-day daily historical holder series
  • Sniper analysis (first 1,000 blocks)
  • Token distribution metrics (whales/sharks/dolphins/fish/octopus classification)

Limitations

  • Mint authority and freeze authority status not explicitly provided — marked as unknown
  • Sniper data is complete (0 snipers) but provides no smart money signal beyond absence of bot activity
  • Top holder wallet classifications are inferred from balance patterns and context, not confirmed on-chain labels
  • Only 24 hourly candles available — insufficient for robust multi-timeframe technical analysis
  • Liquidity depth data is a single snapshot and may not reflect intraday changes
  • The anomalous volume spike in candle [2] (285,559 units) cannot be fully explained from available data — may be wash trading, a large OTC-routed trade, or a liquidation event
  • Historical holder data only covers 30 days — longer-term trend unknown
  • No order book depth data available to precisely quantify slippage at various trade sizes

How we keep this honest

Every directional call on these pages is recorded before the outcome is known and scored on our public prediction track record. We apply the same standard to others: our audit of 1,581 crypto YouTube predictions found bullish calls did worse than random timing, and our memecoin pump anatomy study measured what chasing a pump actually costs.

This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk of loss. Past performance is not indicative of future results. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Frequently Asked Questions

How concentrated is Magic Eden ownership?

Top-10 ownership concentration is not available in this report. The saved holder count is 152,363 addresses (2026-05-23 08:17 UTC). A holder count alone does not establish how supply is distributed.

Are large holders selling Magic Eden?

This report cannot establish whether large holders are selling: it does not include wallet-level holder balances over time matched to swaps. A complete buy/sell volume observation is not available in the saved inputs. A large swap alone does not identify a large holder, and a transfer alone does not prove a sale.

Is Magic Eden liquidity falling?

As of 2026-05-23 08:17 UTC, reported liquidity was $520,954.80. At least two timestamped liquidity observations are needed to establish a change; this report does not have them.

What is the short-term price outlook for Magic Eden (ME)?

Price has recovered from intraday lows near $0.0909 to current levels around $0.097, with a strong spike in candle [2] (07:00 UTC) pushing to $0.0988 on very high volume (285,558 units). The most recent candle [1] shows a pullback from the $0.0996 high to close at $0.0972, suggesting near-term resistance around $0.0996. Support is established around $0.0909–$0.0923. The 24h price change is modest at +0.76%, and buy/sell pressure is nearly balanced. Short-term direction is neutral with a slight bullish lean given the recent recovery. Short-term outlook is neutral (24–72 hours), with a target range of $0.0909 to $0.0996.

Is ME a safe investment on Solana?

The AI assessment rates overall risk as high with a risk score of 7.8/100. Suitable only for high-risk-tolerant investors with deep familiarity with Solana DeFi and NFT ecosystems. Not suitable for conservative or moderate-risk investors. Position sizing should account for extreme concentration risk and shallow liquidity. Any position should be sized to tolerate potential 50%+ drawdowns.

What are the key risks of holding ME?

Extreme supply concentration: top 10 hold 78.99%, top 3 hold 52.67% — whale sell risk is severe • Shallow liquidity ($520.95K) creates high slippage and price manipulation vulnerability • Persistent holder decline: -1,164 holders over 30 days with no reversal signal

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