MAGIC EDEN/MEFN..m21u
STABLE
Magic Eden

Magic EdenMEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u

$MEMEFN..m21u
Case file · ante-mortem observation
STABLE.

Market indifference and liquidity starvation

DEX · raydiumChain · SolanaGrade · A
Grade Score
88/100
Grade A · STABLE
Mkt Cap
$36.83M
+1.3% · 24h
Liquidity
$659.6K
Volume 24h
$50.6K
Holders
400
FDV
$61402.65B
Price USD
$0.061403
DEX
raydium

Field Report

§ 01 · narration

The Solana Specimen That Refused to Die

Here we observe a most peculiar cadaver—one that insists on drawing breath despite all prognostications of doom. With a mere 3,000 believers still clutching their bags and liquidity pools that could barely fill a venture capitalist's wine glass, Magic Eden has achieved the remarkable feat of being simultaneously alive and irrelevant. The revocation of its authorities suggests a creator who, much like a responsible parent leaving home, turned off the lights before abandoning the nursery.

Diagnosis

§ 02 · derived findings
Liquidity
Adequate
$659.6K pool depth.
Activity
Active
$50.6K volume / 24h.
Holders
Extreme cluster
Top 5 hold 95.2% of supply.

Cause

§ 03 · forensic conclusion
Likely Cause
Market indifference and liquidity starvation
Patient Note

It had the circulation of a penny stock and the conviction of a meme—which, in the Solana ecosystem, passed for spectacular success.

Holders

§ 04 · 400 wallets
Top 1
89.0%
Top 5
95.2%
Top 10
96.6%
019dwa...CtoP89.03%
02HJEh...6Got3.07%
03Gry4...o6Qo1.66%
047WMF...WW4T0.94%
053jPL...W6860.46%
069Vsr...FpVZ0.42%
079Qem...aofm0.41%
08sFhx...abMG0.33%
099c1W...9LU30.16%
10GQHy...kfS80.15%
BEHAVIORAL COST BREAKDOWN
100.00 SOL
total lost — cohort
Emotional Trading
0.000 SOL0.0%
Mistimed Exits
0.000 SOL0.0%
Position SizingPRIMARY
100.00 SOL100.0%
Standard Losses
0.000 SOL0.0%
Position Sizing drove most of the cost across this cohort. Bag-holding and never-selling — exposure not managed.
Based on 1 holder · scanned 24d ago

Wallet Casualties

§ 05 · 1 known