Magic Eden will allocate 15% of its platform revenue to the ME token ecosystem starting February 1, 2026. Half of that amount (7.5% of total revenue) goes to open-market buybacks of ME tokens. The other half is distributed as USDC rewards to ME stakers, proportional to their staked amount and lock-up duration.
This policy replaces earlier vague promises and aims to create consistent demand for the token while rewarding long-term holders.
Recent NFTpulse data shows Magic Eden generated $12.8M in 30-day NFT trading volume (9.1% market share), but revenue was only $267,000 during the same period.
→ 15% of revenue = $40,050 per month
→ 50% for buybacks = ≈ $20,000 worth of ME tokens per month
At the current price of $0.253, that equates to roughly 79,000 ME bought back monthly. With a total supply of 1 billion and a circulating supply of around 426 million, this represents <0.02% of the circulating supply removed each month.
Even if revenue doubles or triples, monthly buybacks would likely stay below $50,000–$60,000 — a negligible amount in the context of $108M market cap and $253M FDV.
The buyback is real, but the scale is so small that it is unlikely to move the price meaningfully unless NFT volumes and platform revenue explode in 2026.
The Magic Eden buyback program is a positive signal and shows commitment to token holders, but the actual dollar amount deployed is very modest due to low platform revenue. Unless NFT trading volumes return to 2021–2022 levels or Magic Eden captures significantly more market share, the monthly buy pressure will remain symbolic rather than price-moving.
Investors hoping for a short-term pump from the February 1 launch are likely to be disappointed. Long-term holders may benefit from gradual accumulation + staking rewards, but the program alone is not a catalyst for a major reversal.
