Magic Eden (ME)

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

Moca Network introduced MocaPortfolio yesterday, with $20M USD in ecosystem assets. TLDR: Moca token and Mocaverse NFT stakers can own a share of a portfolio of tokens curated by Animoca Brands. That number will grow over time as Animoca Brands expands, effectively giving stakers a seat at the table. They also allocated 2,195,000 $ME (~$480k USD) as the first drop together with the launch of MocaPortfolio

Magic Eden announced they were expanding $ME buybacks across everything in 2026. swaps, Lucky Buy, packs, the whole product suite. More volume → more protocol revenue → more $ME bought back and burned. Strong move, and it cements ME as the blue chip NFT marketplace on Solana. But if you zoom out, their model and @spaace_io model are playing two very different games. •Magic Eden: Protocol earns fees → uses a portion to market buy $ME → burn or treasury. Value flows through the token. Holders win if price goes up and the buybacks outweigh sell pressure. •Spaace: Protocol earns fees → 100% of marketplace revenue in ETH is shared to $SPAACE stakers. No waiting on buybacks. You stake, you get ETH. That’s the key difference: https://t.co/0OQOmt4zA9 token dependency. Spaace rewards you in ETH, not in more SPAACE or buyback optics. 2.Instant liquidity. ETH rewards hit your wallet. No need to time exits or worry about buyback schedules. https://t.co/r6IaLOPMWY extra sell pressure. With buybacks, you still eventually have holders selling into strength. With ETH revenue share, the token can stay structurally tighter while value accrues off chain to stakers. Magic Eden is proving that NFT marketplaces must share economics with their communities to stay relevant. Spaace is just taking it to the logical endpoint: not “some fees, sometimes, via buybacks,” but all marketplace revenue, in ETH, directly to the people who stake.