Magic Eden has announced a significant increase in its airdrop rewards for the second season, which could have serious implications for NFT trading and staking.
Expanded Airdrop Strategy of Magic Eden
On August 6, 2025, Magic Eden officially announced an increase in its airdrop rewards for the second season by allocating an additional 2 million ME tokens. The total airdrop pool now stands at 10 million ME tokens, worth approximately $8-10 million at current prices. This marks one of the largest airdrop campaigns for the quarter, targeting stakers and active traders.
Market Dynamics and ME Token Price Trends
As of the writing of this article, the price of the ME token is $0.72, with a market cap of around $117 million. The 24-hour trading volume has reached $18.6 million, showing a change of 3.10%. Over the past 90 days, the price of ME has declined by 28.31%, highlighting the current state of the market.
Impact on the NFT Market and Competition
According to the Coincu research team, this move enhances Magic Eden's competitive positioning in the NFT marketplace. However, the impact on the market and technology, as well as potential regulatory implications, remain under observation.
The expansion of Magic Eden's airdrop may significantly influence user engagement with the platform and changes in trading volume across various blockchain networks.
