Magic Eden (ME) is trading at $0.0622, up 2.11% in the last 24 hours. By market capitalisation it is a micro-capitalisation asset, where liquidity is thin and price moves easily.
What the data shows about Magic Eden
Magic Eden (ME) is a micro-capitalisation asset, where liquidity is thin and price moves easily, at $38.32M.
At this size, two things matter more than any narrative. Liquidity is thin, so a modest order moves the price and getting out is harder than getting in. And holder concentration is often high — worth checking on a block explorer before buying, because if a handful of addresses hold most of the supply, the price is at their discretion regardless of what anyone else believes.
We publish hand-written research for the assets people most commonly search for, and Magic Eden is not currently one of them — so this page describes what the market data shows rather than making claims about the project itself. For what it does and who builds it, read the project's own documentation and check its activity on a block explorer.
What actually moves the ME price
Three forces set the price, on different clocks. The first is the whole market: when Bitcoin moves sharply, correlations converge and almost nothing trades on its own merits. The second is Magic Eden's own drivers. The third is positioning — leverage that has to be unwound regardless of what anyone believes.
Magic Eden specifically: we do not have enough history to characterise its usual movement, and at this size liquidity is thin enough that individual orders move the price.
The practical consequence is not to react to a move until you know which of the three caused it. A 10% fall during a market-wide flush means something entirely different from a 10% fall while everything else is flat. The first is usually noise; the second is usually information.
Setting a ME price alert
The most common mistake is setting the threshold too close. If it sits inside ME's normal daily range it will fire constantly, you will start dismissing without reading, and the alert that mattered gets dismissed with the rest.
Work from the asset's own recent range rather than a round number you like the look of — the edges of that range are where the market has actually changed its mind.
Then apply the only test that matters: would you take an action if this fired? If the honest answer is that you would look at the chart and do nothing, the alert is not earning its place.
Get told when ME moves
Set a price or percentage alert once. It runs on our servers, so it fires even with the app closed — and quiet hours mean it will not wake you at 4am.
Create a free accountFrequently asked questions
What is the price of Magic Eden today?
Magic Eden (ME) is trading at $0.0622, up 2.11% over the last 24 hours. Prices update continuously on this page.
What is Magic Eden used for?
Magic Eden is a digital asset traded under the Magic Eden name. It works through proof-of-stake consensus, where validators post collateral that can be slashed for misbehaviour.
What are the risks of holding ME?
The structural risk is that smart-contract platforms live or die on developer mindshare, and there are far more platforms than there is demand for them. It also competes with Ethereum, Solana and the wider platform field, so capital flowing elsewhere can hurt the price even if nothing about the project changes. Nothing on this page is financial advice.
How do I get an alert when ME hits a price?
Create a free CoinPriceAlert account and set a price or percentage alert on ME. Alerts are evaluated on our servers, so they arrive as a push notification even when the app is closed — and quiet hours stop a 24/7 market waking you at 4am.
Descriptive text for this asset is generated from its structural category rather than a hand-written profile — read the project’s own documentation before acting. Prices update continuously. Nothing here is financial advice.