The Magic Eden NFT marketplace recently generated buzz with its ME token airdrop, valued at around $700 million. Initial excitement saw the token’s price spike from $6.04 to an impressive peak of $8.90. However, not all investors struck gold, as many faced disappointment after the hype subsided. The volatility surrounding the airdrop has sparked discussions about sustainable growth for new tokens. Will ME recover? Observers are keen to see how the market reacts moving forward.