Magic Eden: Starting from February 1st, 15% of revenue will be used for ME token buyback and ecosystem development

On January 20, Artemis data shows Kalshi’s prediction market trading volume hit a record $474.2 million on January 17 (this past Saturday). Polymarket’s daily trading volume, meanwhile, came in at $263 million.

On January 20th, Coinbase CEO Brian Armstrong took to social media to announce he has arrived in Davos, Switzerland, for the World Economic Forum’s annual meeting. His three key goals for the week are: ? Discuss economic freedom with global leaders, and how cryptocurrency can modernize their financial systems; ? Continue advancing market structure legislative efforts; ? Advocate for ongoing asset tokenization to expand democratized access to capital.

On January 20, LookOnChain monitoring flagged a whale suspected of offloading 13,000 ETH (valued at roughly $41.75 million). Galaxy Digital’s over-the-counter (OTC) trading wallet has just transferred out the same 13,000 ETH (~$41.75M), with 6,500 ETH (~$20.89M) already deposited into exchanges Binance, Bybit, and OKX.

On January 19th, LookOnChain monitoring data reveals that an internal wallet address starting with AG2GXk previously purchased 66.3 million ZReaL for just $285. The address later sold 19.98 million ZReaL via four wallets, netting $210,000 in profit. It still holds 46.3 million ZReaL, valued at $417,000. Across its ZReaL trades, the address has generated a total of $627,000 in revenue, with a return multiple of 2200x.

Jan 19 — Per NFT Pulse data, Magic Eden’s 30-day trading volume reached $12.8 million, accounting for 9.1% of the NFT market share. The platform’s 30-day revenue totaled just $267,000, with 74% from Solana chain transactions and 25% from Bitcoin network activity. CoinGecko figures show Magic Eden’s native ME token is currently priced at $0.253, with a market cap of $108 million, a fully diluted valuation of $253 million, and 24-hour trading volume of $110 million. If NFT market transaction momentum remains unchanged, Magic Eden’s upcoming strategy (launching Feb 1) — investing 15% of revenue into the ME ecosystem — will allocate roughly $20,000 monthly to ME token repurchases. As previously reported by BlockBeats, Magic Eden announced that starting Feb 1, 15% of its revenue will go directly to the ME token ecosystem. The funds will be split evenly: 50% used to repurchase ME on the open market, and 50% distributed as USDC to ME stakers based on staking weights.

On January 19, Glassnode shared data on social media showing that the **STH-NUPL metric**—which measures the ratio of new investors’ unrealized gains/losses to the market value of short-term holders—has indicated new investors have been in a net unrealized loss position consistently since November 2025. To push this group back to net profitability, a Bitcoin price recovery to roughly $98,000 or higher appears to be the minimum threshold. ### BlockBeats Note Following historical bear market and sharp pullback patterns, prolonged declines may gradually force these short-term holders (STHs, or new investors) to capitulate while in unrealized losses. - During the 2018 bear market, STH-NUPL plummeted to ~-0.6, triggering mass capitulation among short-term players. Realized losses cleared a large speculative bubble, paving the way for the market to bottom out and launch a new bull cycle. - In the 2022 bear market (post-FTX collapse), STH realized losses hit a record peak. After weak