Bitget App
Trade smarter
Magic Eden’s ME token soars 35%, reclaims $0.60 amid ‘big week ahead’ hype

Magic Eden’s ME token soars 35%, reclaims $0.60 amid ‘big week ahead’ hype

CoinjournalCoinjournal2025/10/27 12:39
By:Coinjournal
Magic Eden’s ME token soars 35%, reclaims $0.60 amid ‘big week ahead’ hype image 0
  • Magic Eden price soared more than 35% amid a breakout above the key resistance of $0.50.
  • Trading volume jumped 1,280% to over $129 million to signal buying pressure.
  • “A big week” ahead and other potential catalysts could boost ME bulls.

Magic Eden’s native token, ME, has experienced a significant price surge in the past 24 hours.

Prices rose to intraday highs above $0.60 for the first time since the October 11 crash, with bulls’ gains coming amid a retest of a key technical barrier.

As the altcoins rank among the top gainers in the 500 largest cryptocurrencies by market cap, buyers are likely to hold the crucial level and target a new leg up.

But what could help ME price in the short term?

Magic Eden among top gainers as price pumps 35%

Per CoinMarketCap data, Magic Eden’s ME token is one of the standout performers in the cryptocurrency arena today.

The token’s 35% uptick in the past 24 hours has come amid a robust trading volume of $129 million – the metric is up 1,280% in the past 24 hours.

This performance has not only outpaced the broader market but also dwarfed top performers such as Pi Network, Virtuals Protocol and Zcash.

ZEC hovered around $270 on October 24, but was near $350 at the time of writing.

On the technical front, ME broke above the critical hurdle at $0.50, reaching intraday highs of $0.60.

While the altcoin is well off its all-time peak above $13.24, bulls have bounced off the all-time low of $0.23.

ME could retest $0.55 or $0.50 before seizing on an uptick across the market to target the psychological $1 mark.

RSI at 60 suggests bulls have more room to aim for gains.

Magic Eden’s ME token soars 35%, reclaims $0.60 amid ‘big week ahead’ hype image 1 Magic Eden price chart by TradingView

What could help Magic Eden price higher?

Several factors appear to have converged to ignite this pump.

Notably, the official Magic Eden X account issued a cryptic yet bullish proclamation early this morning: “Big week ahead.”

This post , which garnered over 300 likes and widespread speculation within the community, hinted at impending announcements or developments that could further bolster the platform’s growth.

Such communications from project leads often serve as potent catalysts, drawing in retail traders and amplifying social sentiment.

ME gains also follow the community cheering of the recent acquisition of Dynamic by Fireblocks, which the platforms announced on October 23.

As a key user of Dynamic’s developer platform, Magic Eden could benefit significantly from this integration.

Dynamic powers over 50 million on-chain accounts for industry leaders, including Kraken, Ondo Finance, Magic Eden and zerohash.

Magic Eden’s seamless user onboarding and embedded wallet functionalities for NFT trading across chains.

The deal merges Fireblocks’ institutional-grade custody with Dynamic’s agile tools, creating what executives describe as the “first complete custody-to-consumer stack” for on-chain finance.

Overlaying these platform-specific tailwinds is a broader crypto market rebound.

While gains in October 2025 remain muted as the macroeconomic environment hit risk-on sentiment, Bitcoin’s climb to $116,000 and Ethereum’s break to $4,200 has bulls excited.

The big week for crypto includes a potential rally ahead of a Federal Reserve rate cut, the impact of the US-China trade deal and SEC approval for exchange-traded funds.

The macroeconomic lift could spill over to altcoins like Magic Eden.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

BigBear.ai's Shares Soar 300%, but Financial Concerns Raise Questions About Its Valuation

- BigBear.ai's stock surged 300% in 2025 driven by defense AI contracts and partnerships like Tsecond Inc.'s rugged hardware integration. - Despite high-profile deployments (e.g., O'Hare Airport biometric system), Q2 2025 revenue fell 18% and net losses widened to $228.6M. - Analysts remain divided: some cite OB3 funding and $390M cash reserves as bullish, while others warn valuation (13× forward sales) exceeds fundamentals. - Competition from Palantir and C3.ai, plus reliance on $380M contract backlog, ra

Bitget-RWA2025/10/29 07:46
BigBear.ai's Shares Soar 300%, but Financial Concerns Raise Questions About Its Valuation

Solana Updates Today: Blockchain Evolution: Specialization Challenges Solana's Lead in Fee Structure

- Solana's blockchain transaction fee market share dropped to 9% in 2025, down from over 50%, as Hyperliquid and BNB Chain gained traction with specialized applications and faster execution. - Hyperliquid, a derivatives-focused chain, achieved $20.19M weekly revenue and $2.41B TVL, outpacing rivals with $58.08B in perpetual trading volume and expanding short positions to $690M. - BNB Chain solidified its retail DeFi/gaming dominance in Asia, while Solana prioritized scalability upgrades and institutional p

Bitget-RWA2025/10/29 07:46
Solana Updates Today: Blockchain Evolution: Specialization Challenges Solana's Lead in Fee Structure

Ethereum Updates: Individual Investors and Large Holders Engage in Struggle Before Federal Reserve's Interest Rate Announcement

- Retail "dip buying" and whale profit-taking clash in crypto markets ahead of Fed's October 2025 rate decision, creating volatility in Bitcoin, Ethereum, and altcoins like SPX6900 and Pi Network. - SPX6900 surged 13.61% on retail inflows but faces whale selling risks, while Pi Network's 21% rally raises sustainability questions amid 535% volume spikes and whale accumulation. - Ethereum highlights whale activity, with a $265M position flip and 6,000 ETH strategic exit, while Fed uncertainty—despite 98.3% c

Bitget-RWA2025/10/29 07:46
Ethereum Updates: Individual Investors and Large Holders Engage in Struggle Before Federal Reserve's Interest Rate Announcement