The price of Magic Eden’s freshly airdropped ME token fell as much as 67% from its post-launch high amid a flurry of complaints from users.
Magic Eden’s freshly launched token dropped in value on its release as the non-fungible token (NFT) platform’s users complained of a buggy mobile app and a complicated claiming process, among other issues.
The platform’s self-titled token, Magic Eden (ME), debuted on Dec. 10 at $6.70 and briefly rallied as high as $13.10 before plummeting as much as 67% to a low of $4.30, according to DexScreener data.
The price of ME has since rebounded and was trading for just over $8.60 at the time of publication.
