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Magic Eden Allocates 30% of Marketplace Revenue to Token and NFT Buybacks 🔥



Magic Eden ($ME) has announced an immediate buyback program allocating 30% of all secondary marketplace revenue. The initiative will split funds equally between onchain $ME token buybacks and NFT acquisitions from supported collections.

The buyback structure includes:

• 15% for permanent $ME token removal from circulation

• 15% for purchasing NFTs, beginning with Solana-based collections

• Plans to expand the program across all supported chains in coming weeks

The $ME tokens acquired will be sent to a publicly visible wallet, ensuring transparency. The move represents a direct revenue-sharing mechanism between the marketplace and its community of collectors and token holders.

#MagicEden #ME #Buyback #NFT #Solana $ME
ME-0.13%
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