Magic Eden (ME) Tokenomics, Unlock Schedule and Vesting Chart

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Magic Eden (ME) Token Unlock & Vesting Schedule

As of November 12, 2026, 636.87 million of the 1 billion ME (63.69%) have been released. The remaining 116.89 million ME, all estimated, are worth about $5.02 million at today's price (18.38% of the market cap). Of these, 54.52 million ME release over the next 12 months, from Community trading and staking rewards — 22.5% of maximum supply. Today's release is an estimated 154,004 ME from Community trading and staking rewards — 22.5% of maximum supply. ME is fully unlocked on December 10, 2028; after that date the schedule has no further dated releases.

The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.

Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

Tokenomics & Utility

Supply and distribution

ME has a stated maximum supply of one billion tokens. Its published allocation divides that supply into four groups:

12.5% for the initial community claim;
38.4% for community and ecosystem development;
25.5% for contributors; and
23.6% for strategic participants. (blog.mefoundation.com)

The initial claim recognized activity across Magic Eden’s earlier Solana, Bitcoin, and Ethereum-compatible services. The larger community allocation supports user incentives and ecosystem work. Contributor and strategic-participant allocations follow lockups and gradual releases described by the foundation. This design spreads distribution over time rather than placing the full supply into users’ hands at launch. (blog.mefoundation.com)

ME’s active uses include staking for Magic Eden Rewards and taking part in governance. Stakers can view proposals and cast on-chain votes; the voting power shown in Magic Eden’s dashboard matches their staking power. The rewards program also describes monthly USDC distributions from protocol revenue to eligible stakers. A snapshot before each month determines eligibility, and each eligible user’s share is based on their staking power relative to the group. These are program features with defined rules, separate from the token’s fixed supply plan. (help.magiceden.io)

Upcoming ME Releases

Period	Allocation	Type	Amount	Value	% of supply
Nov 12 – 30, 2026	Community trading and staking rewards — 22.5% of maximum supply	Vesting, estimated	2.9M	$125.6K	0.29%
Dec 2026	Community trading and staking rewards — 22.5% of maximum supply	Vesting, estimated	4.8M	$204.9K	0.48%
Jan 2027	Community trading and staking rewards — 22.5% of maximum supply	Vesting, estimated	4.8M	$204.9K	0.48%
Feb 2027	Community trading and staking rewards — 22.5% of maximum supply	Vesting, estimated	4.3M	$185K	0.43%
Mar 2027	Community trading and staking rewards — 22.5% of maximum supply	Vesting, estimated	4.8M	$204.9K	0.48%
Apr 2027	Community trading and staking rewards — 22.5% of maximum supply	Vesting, estimated	4.6M	$198.2K	0.46%
Total, next 12 months			54.5M	$2.3M	5.45%

1–6 of 12 releases

of 2 pages

Values at $0.043 per ME (November 12, 2026), today's price, not a forecast. Releases continue after October 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.

Assumptions

Magic Eden has a capped 1 billion ME supply divided among an initial claim, community rewards, ecosystem development, contributors and strategic participants. The initial claim opened at launch, and the Foundation says its 225 million ME rewards reserve unlocks linearly over four years; contributor and strategic-participant releases have minimum locks but no fully quantified payment schedule. Treasury spending and community-fund grants also depend on later decisions or completed work. The chart can show the documented claim opening and an explicitly estimated four-year rewards curve, while keeping undated budgets and proposed grants out of dated releases.

Ecosystem development — 15.9% of maximum supply: Releases depend on recipients claiming tokens or on grants being awarded.
ME Foundation Treasury reserve — 5% of ecosystem-development allocation: Releases depend on future governance or treasury decisions.
Contributors — 25.5% of maximum supply: The sources give the amount but no release dates.
Strategic participants — 23.6% of maximum supply: The sources give the amount but no release dates.
Magic Eden Community Fund, initially seeded: Releases depend on future governance or treasury decisions.
Magic Lab community-fund grant: Releases depend on recipients claiming tokens or on grants being awarded.
Magic Lab creator bounties within its grant: Releases depend on recipients claiming tokens or on grants being awarded.
Edén Mágico expansion request — approval and paid amount unverified: Releases depend on future governance or treasury decisions.

Sources (10)

Max Supply 1.00B

Unlocked Supply 636.87M

Unlock Progress 63.69%

Genesis Date November 2024

Fully Unlocked Dec 10, 2028

Allocations 11

Marketcap Rank (#) 669

Price ($) 0.043 -16.71% (7d)

24h Volume ($) 145K -20.08% (7d)

Marketcap ($) 27M

Fully Diluted Value ($) 43M

Circulating Supply 64% MEDIUM

Perpetuals: 3 markets on Binance, OKX and Hyperliquid · $2M open interest

Spot

Perp


ME/USDT	176K	34K/76K
ME/USDT	86K	26K/16K
ME/USDT	76K	4.1K/33K
ME/USD	61K	31K/60K
ME/USDT	54K	2.5K/2.8K
ME/USDC	45K	7.4K/7.4K
ME/USD	21K	4.9K/11K
ME/USDT	11K	14K/23K
ME/TRY	6.8K	3.3K/6.9K
ME/USDT	2.8K	639/1.9K
ME/USDT	2.7K	28K/28K
ME/USDT	374	0/0
ME/EUR	176	240/238
ME/USDC	59	4.8K/5K
ME/EUR	16	0/0

Allocations

Initial token creation TBD

1,000,000,000 tokens · 5 parts

Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.

Not yet scheduled: 246,243,638.514 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.

Cliff: December 2024 — 100.00% of allocation · 1,000,000,000 tokens

Sources: $ME MiCA White PaperMagic Eden (ME) token mint account

Magic Eden Community Fund, initially seeded

5,000,000 tokens · 2 parts

Timing not yet established (August 2025 - open): amount unknown

Sources: About the Magic Eden Community

Last Updated: 2026-09-30 00:23:59 UTC

Description

#669

Magic Eden is a decentralized NFT marketplace on Solana, Ethereum, Polygon, and Bitcoin. It supports NFT creation, trading, and auctions with low fees and fast transaction processing speeds, using a Launchpad for new projects and a governance token ($ME) for community engagement.

Sector:	NFT
Blockchain:	Solana

2024