Magic Eden Warns Old Ethereum NFT Listings Are Exposed to Payment Processor Exploit
A flaw in Limit Break's Payment Processor V2 put old Magic Eden Ethereum listings at risk, prompting a whitehat rescue of more than 23,000 NFTs.
The trading volume of Magic Eden (ME) is $2,870,034.00 in the last 24 hours, with stable market activity.
Magic Eden (ME) reached an all-time high of $17.00 on Dec 10, 2024 and an all-time low of $0.06 on Jun 30, 2026 . It's now trading 99.63% below that peak and 14.34% above its lowest price.
Market capitalization of Magic Eden (ME) is $38,968,353 and is ranked #548 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ME tokens (616,328,689 tokens are tradable on the market today).
The fully diluted valuation (FDV) of Magic Eden (ME) is $63,242,000. This is a statistical representation of the maximum market cap, assuming the maximum number of 1,000,000,000 ME tokens are in circulation today. Depending on how the emission schedule of ME tokens are designed, it might take multiple years before FDV is realized.
With a price increase of 1.50% in the last 7 days, Magic Eden (ME) is underperforming the global cryptocurrency market which is up 5.1%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 4.1%.
Adding Magic Eden (ME) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more.
To add them, you'll need to import ME as a token. You can copy ME's contract address
(MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u) and import it manually, or add ME to MetaMask with one click.
The circulating supply of Magic Eden (ME) is 616,328,689 ME tokens, which represents 61.63% of the maximum supply of 1,000,000,000 tokens.
You can buy Magic Eden (ME) on various cryptocurrency exchanges. The most popular exchanges for trading ME are typically centralized exchanges (CEX) like Binance, Coinbase, and Kraken, as well as decentralized exchanges (DEX) on the Solana network. Always ensure you're using a reputable exchange and enable two-factor authentication for security.
News
A flaw in Limit Break's Payment Processor V2 put old Magic Eden Ethereum listings at risk, prompting a whitehat rescue of more than 23,000 NFTs.
Yuga Labs’ 0xQuit said the NFTs are safe and will be returned once the risk passes, while holders were urged to revoke NFT permissions.