Magic Eden Expands Season 2 Airdrop with Increased ME Tokens

Magic Eden announced on August 6, 2025, it will distribute its second season airdrop rewards, increasing the total allocation to 10 million ME tokens.

This move marks a significant token distribution in the NFT sector, potentially impacting market liquidity and trader engagement on Magic Eden across Ethereum, Solana, Polygon, and Bitcoin platforms.

Magic Eden’s Expansive Airdrop Strategy Brings $10 Million Boost

Magic Eden revealed its expanded Season 2 airdrop rewards, allocating an additional 2 million ME tokens. This marks one of the largest token airdrop campaigns for the quarter, specifically targeting platform stakers and active traders based on on-chain activity.

With this expansion, the total airdrop pool now stands at 10 million ME tokens, about $8 million to $10 million in value at current prices, incentivizing user loyalty and engagement across multiple blockchain networks.

While Magic Eden’s official announcement came from their verified X account, there have been no major statements from key figures or prominent industry voices to date. Community discussions focus on eligibility and reward mechanisms.

Market Dynamics: ME Token Price Trends and Competitive Positioning

Did you know? Magic Eden’s Season 1 airdrop earlier this year distributed 10 million ME tokens, similarly incentivizing platform activity and user engagement with significant liquidity influx.

As per CoinMarketCap, Magic Eden’s (ME) current price is $0.72, with a market cap of roughly formatNumber(116995916, 2). The 24-hour trading volume reached formatNumber(18575705, 2), reflecting a 3.10% change. Over the past 90 days, ME’s price has declined by 28.31%, noting subdued market dynamics.

The Coincu research team cites this move as enhancing Magic Eden’s competitive positioning in the NFT marketplace landscape. While the immediate financial impact is promising, the broader technological and regulatory implications remain under observation.