Magic Eden
ME · rank #494
Down from all-time high
99.58%
but up 27% off its lows
The market is up 23% this month. ME is up 11%. It is being left behind.
What did it cost you?
Computed in your browser — the numbers never leave this page.
All-time high
$17
Dec 10, 2024
Price today
$0.0720
+6.4% 24h
$1,000 at the peak
$4.24
worth today
To break even
236x
622 days underwater
Is it coming back?
Still falling
Life signs
6/100
Off its lows
+27.4%
low $0.0566 · Jul 1, 2026
Still needs
236x
rally too young to project
Did it join the rally?
Bitcoin is +23% over 30 days. ME is +11%. It is being left behind.
Market rallying · BTC +22.7% this week · dominance 59.0%
Market cap
$44.08M
30d trend up (55%)
24h volume
$15.21M
30d trend down (-46%)
Survival score
Dormant
Little trading activity and no sign of recovery in the data we track.
- Price decline−50 of 50
Down 99.6% from its all-time high of $17
- Volume decay−25 of 25
Trading volume is 98% below its busiest sustained stretch
- Market cap erosion−14 of 15
Market cap down 91% from $466.11M
- Time below peak−6 of 10
622 days since the peak
- Recent rebound+8
Market cap up 55% over the last 30 days
Thinking of buying?
High risk
48/100
- Exit liquidityAdequate
$15.21M traded daily against a $44.08M cap — 34.49% turnover.
- Supply overhang39% still locked
A quarter of supply is still to be released.
- Volatility161% annualised
High even by crypto standards — expect violent swings.
- Track record99.6% below peak
It has already destroyed almost all of its value once.
These are the checks before you buy ME — not a recommendation either way. Coingraph never tells you what to hold.
Research agent
Put the research agent on Magic Eden
It reads the full history and writes what it finds: what drove the decline, whether a recovery is plausible on these numbers, and the warning signs still in the data.
Your first agent report is free
What happened to Magic Eden
Magic Eden reached $17 1.7 years ago. It now trades at $0.0720 — a decline of 99.6% from that peak. $1,000 bought at the high would be worth $4.24 today.
Returning to the previous high from here would take a gain of 236x. That figure is arithmetic, not a forecast: it is simply the peak divided by the current price.
Within the 1.7 years of daily prices held for ME, the range runs from $0.0566 to $17, and the all-time high falls inside that window — so the chart on this page shows the full decline.
How ME is rated
Magic Eden scores 14 out of 100, which places it in the Dormant band — the inputs show sustained decline with little trading activity behind it. A higher score means a healthier reading. The score starts at 100 and each measured factor deducts from it.
The deductions for ME are: price decline, 50 points (down 99.6% from its all-time high of $17); volume decay, 25 points (trading volume is 98% below its busiest sustained stretch); market cap erosion, 14 points (market cap down 91% from $466.11M); time below peak, 6 points (622 days since the peak); recent rebound, 8 points (market cap up 55% over the last 30 days).
Is ME moving on its own?
From its lowest close in the 1.7 years held — $0.0566 — ME has gained 27.4%, a 1.3x move off that floor. Coingraph reads this as still falling.
Over the last 30 days ME moved +10.8% against the wider market's +22.9% — moving behind the wider market. This distinction matters more than the headline number: a coin rising only when everything rises is being carried, and that is a different situation from one climbing on its own demand.
ME market position
ME has a market capitalisation of $44.08M, ranking 494 by size, on 24-hour trading volume of $15.21M.
Daily turnover — volume as a share of market cap — is 34.5%. Turnover is what tells you whether a price is real: a coin can hold a large nominal valuation while almost nothing changes hands, and a price set by very few trades is one that moves sharply when anyone sizeable arrives.
38.8% of ME's maximum supply has not yet entered circulation. Tokens still to be issued are future sell-side supply, which is a headwind the price chart alone does not show.
Annualised volatility from daily returns is 100%. Coingraph rates overall risk High on these inputs.
Magic Eden — common questions
How far is Magic Eden from its all-time high?
Magic Eden (ME) is 99.6% below its all-time high of $17, trading at $0.0720.
What would $1,000 of Magic Eden bought at the peak be worth now?
$1,000 of ME bought at its all-time high would be worth about $4.24 today, a decline of 99.6%.
How much would ME need to rise to break even?
ME would need to gain 236x from $0.0720 to return to its all-time high of $17.
What is Magic Eden's survival rating?
Coingraph rates Magic Eden 14 out of 100, in the Dormant band — the inputs show sustained decline with little trading activity behind it. The rating is derived from price decline, volume decay, market cap erosion and time below peak, and every deduction is shown on this page. Higher is healthier.
Is Magic Eden recovering?
ME is 27.4% above its lowest close in the 1.7 years of data held, which Coingraph reads as still falling. It is moving behind the wider market over the last 30 days.