Magic Eden (ME)

$ME up over 20% on the day. Up 40% since start of 2026. And none of your favorite KOLs on CT have said anything about it. Will be ignored and hated in retrospect and there’s simply nothing that can be done 🤷‍♂️

Officially addicted to vibe coding. Not for any external uses, just to make my life more efficient. Grabbed free API's from @heliuslabs, @coingecko, @solscanofficial and some others to build out an $ME dashboard. Getting to add all the niche data I want that may not be surfaced as easily in other places and set automation to send me a daily, weekly and quarterly performance rundown benchmarked against other relevant tokens. Efficiency going to go through the roof.

Off to a good start for 2026. Up over 17% and up from rank 318 to 289 on CMC. New USDC rewards starting next month. New arcade points system giving rewards to ALL @MagicEden users starting next month. @DiceyHQ FnF beta going strong. Job’s not finished. https://t.co/Njuz5ICAMI

This is what happens when you launch your token at euphoric highs, as is so often the case. Enough liquidity to sell into, allowing insiders to cash out. Well played. 2025 was a bear market on many levels. https://t.co/mStGHh6oSN

Buybacks alone don’t fix a token. They never have. They can’t overcome supply overhang, they can’t manufacture natural demand, and they definitely can’t save weak fundamentals.\n\nBuybacks are an accelerator, not a creator.\n\nThat’s why we’re not treating buybacks as a silver bullet at @MagicEden.\n\nThe way I think about it is the Token Triumvirate:\n\n1. Buybacks - These strengthen token economics over the medium to long term directly as a result of the performance of the protocol(s). But on their own, they’re not enough.\n\n2. Revenue rewards - This creates constant, external demand that actually matters in the short term. It gives the token a real economic claim to business performance, not vibes. I believe $ME is the only top 300 token doing this.\n\n3. Token utility - This is about creating reasons to hold and use the token inside the product itself. Better experiences, better access, better outcomes. This is actually probably where we lack the most currently, but the future will continue to hold new opportunities.\n\nMost projects pick one of these. Some try two. Very few can credibly do all three.\n\nWe’re in a unique position where we can.\n\nWe have real revenue, multiple products, entirely new brands on the horizon, strong cash reserves, and the ability to keep building unabated while committing to the token economy meaningfully. That lets us design something that compounds over time instead of relying on short-term optics.\n\nSo no, buybacks won’t magically pump the price. That’s not the point.\n\nThe point is to build a system where:\n\n• the business can grow\n• the token has real economic gravity\n• success actually flows back to the people who believe long term\n\n2026 is the real start of this system. Some buybacks already live. Revenue rewards start February 1. More news to come. Excited is an understatement.

I need another $ME Bare times

The revenue is negligible and dying as is the company. It’s possible this guy doesn’t know any better but @MagicEden is doing this exclusively to engineer exit liquidity. They were selling otc at huge discounts all unlocking eom. 100% full unlock too. $ME is a scam. https://t.co/ztNyAuEt6E