Magic Eden, a popular NFT & Ordinals trading marketplace, went live with their airdrop this morning at 9 am EST. The token, $ME, was trading over a 4 billion dollar valuation pre-market listing, and post-Binance listing, reached upwards of a 6 billion dollar fully diluted market cap.
Airdrops are awesome for those who get lucky to be involved in one but can be frustrating to others who may have missed out. I know I had a very lucky morning!
What do you think about airdrops? Are they a negative or a positive to the crypto industry?
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