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Magic Eden price nears all-time low as 15% dip extends downtrend
Magic Eden is down 15% as the price extends the downtrend. The ME token rose sharply before paring all the gains after Trump’s sons distanced the Trump Organization from a new wallet announcement. Magic Eden price could dip to support around $0.78, its all-time low reached in April. Magic Eden (ME) price is down by […] The post Magic Eden price nears all-time low as 15% dip extends downtrend appeared first on CoinJournal.
- Magic Eden is down 15% as the price extends the downtrend.
- The ME token rose sharply before paring all the gains after Trump’s sons distanced the Trump Organization from a new wallet announcement.
- Magic Eden price could dip to support around $0.78, its all-time low reached in April.
Magic Eden (ME) price is down by more than 15% in the last 24 hours as the altcoin extends losses since the sharp downturn from highs of $1.15 on June 3, 2025.
ME traded around $0.87 amid ongoing downside pressure after recent wallet-related news drama brought the bears out in full swing.
Notably, the declines have the Magic Eden token trending towards its all-time low of $0.78 reached in early April.
Data from CoinMarketCap, which also shows a 58% dip in trading volume, suggests the ATL is about 21% off current price levels.
Why is the Magic Eden price down today?
As noted above, the ME token skyrocketed earlier this week, jumping sharply to hit $1.15 from around $0.8 amid trader excitement.
The catalyst for this vertical move, as seen in the chart below, was the announcement of a Trump-branded crypto wallet.
The Magic Eden social media post on X shared the “big news”, alluding to a partnership between Magic Eden and GetTrumpMemes.com.
The news hinted at “the First and Only Crypto Wallet for True Trump Fans.”
BIG NEWS! The Official $TRUMP WALLET is COMING SOON! The First and Only Crypto Wallet for True Trump Fans.
Join the FREE waitlist for a chance to get a share of $1 MILLION IN $TRUMP REWARDS! Go to https://t.co/PVCQ6YXQ5v NOW!
The $TRUMP Wallet is Powered by @magiceden pic.twitter.com/KA26RzjY6m
— Magic Eden
