Magic Eden (ME)

This is my biggest win in crypto so far. https://t.co/RmjX6IlnVY

Happy Hump Day! My TL right now is people complaining about their staked ME but I still remember "frends" laughing at me for selling my ME at $4-$5 a pop. Always take profit. Nobody here has your best interest. https://t.co/KDW9EbUHW6

Things you love to see.. 🪄 OG collections ranging from 35-84% in the green over a 30d period. Solana NFTs are inevitable. https://t.co/aOxip1jurc

Ngl, staking $ME was one of my biggest mistakes in Web3. - Staked 1,500 $ME on a 1-year lock when price was $4.7 - Portfolio value: $7,000+ - Saw some small rewards from unclaimed ME and thought it was worth it - Ended up max locking for 4 years (unlock: 09/12/2028) > Today? - $ME at $0.11 - Position down from $7k+ to $170+ - Got $2.85 USDC reward yesterday - 1,011 days left to unlock We learn everyday! Am I cooked?

The people who staked $ME for four years are starting to realise their mistake. Token is down 99%. Still locked till 2029. Rewards are low. Here is the reward for a user who staked 20k $ME https://t.co/aAFLwXjjR9

Today @MagicEden paid out their much anticipated Earnings. I’m in the top 0.7% of Staking Power and received $18. This means I’m break-even after 6.5 years. I despise gambling, so this is all the earnings that’s left for me, after buying and staking $ME for over a year. Unlock my tokens and give me the opportunity to opt-out. This is NOT what I signed up for @PapiChuloGrim.

Summary of major updates from Magic Eden: cutting unprofitable services, heading full‑steam into crypto casinos. . Anyone using Magic Eden should prepare; the team announced a major restructuring using an 80/20 rule, dropping services that consume 80% of costs but generate only 20% of revenue, to focus on truly profitable items. . Services to be gradually discontinued: - EVM market and Bitcoin market (Runes & Ordinals) – closing March 9 - Bitcoin API – closing March 27 - Magic Eden Wallet – closing April 1 - NFT Buybacks program – permanently cancelled . New goal after this: Go all‑in with @DiceyHQ, allocating resources to a crypto casino and sports betting platform. - After two months of beta testing, around 200 users generated over $15 million in turnover. This figure gives the team confidence and sees growth opportunities in the market (just saying). . Back to basics: Magic Eden’s market will now focus only on Packs and Solana for agility. . Future of the token $ME will remain the core of both Magic Eden and DiceyHQ, with the team seeking ways to maximize its utility within the system. . In short, they are reorganizing the business, shedding non‑profitable parts.