2026-01-20 02:31:47

Magic Eden's recent announcement of new token ecosystem initiatives has attracted market attention. According to the plan, starting from February, 15% of total revenue will be injected into the token ecosystem, with 50% used for token buybacks and the other 50% distributed to stakers in USDC.

However, placing this good news within the context of the project's actual operational data reveals some awkwardness. ME's revenue scale has already shown a significant decline — from $24 million in 2025 down to just $267,000 in the past 30 days, which is quite a substantial drop.

A quick calculation makes this even clearer. The current staked ME tokens amount to approximately 21 million, and based on this dividend standard, the first month's dividend per token is only about $0.001. Honestly, this figure is a bit hard to call an "incentive."

From a trading perspective, this announcement did indeed trigger a price reaction. But if we only consider improving the fundamentals, the actual effect may still require time to observe. Whether the project team can truly enhance ecosystem vitality through these measures depends on the subsequent execution results.

ME-5,84%

USDC0,04%

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CrossChainBreather

· 8h ago

Revenue dropped from 24 million to 267,000. Is that what you call good news? Wake up, everyone.

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quietly_staking

· 8h ago

Revenue dropped from 24 million to 267,000. This data makes me a bit uncomfortable... Is a dividend of 0.1 cents really just psychological comfort?

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TokenomicsTinfoilHat

· 8h ago

Revenue plummeted by 99% and still talking about dividends, isn't that a joke? Looking at ME's data, it's clear they can't hold it together—just false prosperity. A dividend of $0.001? I'd rather open blind boxes for fun. Basically, they want to create a "stable" illusion through buybacks and dividends, but they haven't addressed the core issues. This announcement seems a bit like closing the stable after the horse has bolted.

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SybilSlayer

· 8h ago

This is really a "positive" development now, a 99% plunge in revenue and still paying me 0.1 cents? --- Another marketing show to cut leeks, wake up everyone. --- Looking at ME's data makes me want to laugh, a living corpse. --- So basically, it's just running out of money, using buybacks and dividends to lure investors. --- Wait, isn't this the project team's self-rescue routine... --- $267,000? I thought I read the number wrong, is this really true? That's too tragic. --- Honestly, a 0.1-cent dividend really insults someone, might as well not distribute at all.

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LayerZeroHero

· 8h ago

Here comes another new trick to cut leeks, is a "dividend" of 0.1 cents really called an incentive? Revenue drops from 24 million to 267,000 yet still dares to show off. I'll see how long this operation can fool people. ME's latest announcement is just a paper-thin expectation, really useless in practice. The data speaks for itself, it never lies. Same old trick, first pump then talk... Dividends aren't even enough to cover tea money, why make such a big move? Revenue has fallen so much but they're still doing buybacks. I really don't know where that money is coming from.

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AirdropNinja

· 8h ago

Revenue plummeted by 99% and you're still talking about dividends, hilarious Basically just for show A dividend of 0.1 cents is still called an incentive? I don't think so

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