Magic Eden CEO Jack Lu Highlights Prediction Market Boom and New Revenue Sharing Model
- Prediction Market Surge: Trading volumes in prediction markets reached a record $814.2 million on Monday, significantly up from $701.7 million last week, indicating a mainstream trend in speculation, with Magic Eden strategically positioning itself in this emerging market.
- New Platform Launch: Magic Eden confirmed the launch of its new crypto casino and sportsbook platform, Dicey, this quarter, which incentivizes users to host games and place bets in a decentralized environment, aiming to attract more user engagement.
- Revenue Sharing Model: Magic Eden announced that 15% of all revenue will be returned to ME token holders, with income distributed through ME buybacks and USDC staking rewards, expected to start in March, enhancing user engagement and loyalty.
- NFT Market Recovery: Despite a 68% decline in the NFT market in 2025, Magic Eden maintained a healthy marketplace business with approximately $24 million in revenue, and the NFT market cap has rebounded to over $3 billion in early 2026, indicating signs of industry recovery.
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Technical Analysis for ME
Technical Sentiment Analysis for Magic Eden (ME) As of , Magic Eden (ME) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ME stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ME is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Magic Eden (ME) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0522 | 0.0839 | 0.117 | 0.148 | 0.181 | 0.212 | 0.245 |
| Fibonacci | 0.0839 | 0.108 | 0.124 | 0.148 | 0.173 | 0.188 | 0.212 |
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