Magic Eden's New Buyback Policy May Repurchase Only $20,000 in ME Tokens Monthly

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Release Time: 01/19/2026 16:01:32

$0.158513.67%

USDC

$1.00060%

Summary

Magic Eden's new token policy, part of recent cryptocurrency policy updates, will allocate 15% of monthly revenue to the ME token ecosystem. With $267,000 in platform revenue over the last 30 days, this could fund approximately $20,000 in ME token buybacks each month. The remaining 50% will be distributed to ME stakers in USDC. During the same period, NFT trading volume reached $12.8 million. The policy will go into effect on February 1. Introducing new token listings remains a key focus for the platform.

BlockBeats news: On January 19, according to data from nftpulse, Magic Eden's trading volume over the past 30 days was $12.8 million, accounting for 9.1% of the NFT trading market share. The platform's 30-day revenue was only $267,000, with 74% of the revenue coming from Solana chain transactions and 25% from Bitcoin network transactions.

According to CoinGecko data, the Magic Eden platform token is currently priced at $0.253, with a token market capitalization of $108 million, a fully diluted valuation (FDV) of $253 million, and a 24-hour trading volume of $110 million.

If the trading heat in the NFT market remains at its current level, based on Magic Eden's upcoming strategy starting on February 1st, which allocates 15% of revenue to the ME ecosystem, the policy would only allow approximately $20,000 per month to be spent on repurchasing ME tokens.

Previously reported by BlockBeats, Magic Eden announced that starting from February 1st, it will allocate 15% of its revenue directly into the ME token ecosystem. This portion of revenue will be evenly split: 50% will be used to repurchase ME tokens on the open market, and 50% will be distributed in USDC to ME token stakers according to their staking weights.

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