Magic Eden (ME) news: what is happening today
Market summary from our own Hyperliquid data · updated 2026-07-25 04:14 UTC
Magic Eden climbs 10.37% in a month
Magic Eden is up 10.37% over a month. What follows is what sits behind that move: large-wallet positioning, derivatives, our own model.
What matters on Magic Eden right now?
Our own rules-based model reads Magic Eden at 49/100, which is NEUTRAL territory. What stands out right now:
- The trend is mixedPrice is above the 50-day average and below the 200-day; the two are 44.68% apart.
- Magic Eden is parked in the lower third of its 90-day range14% of the way up a 90-day range that runs $0.05544 to $0.1261.
- Where the leverage sitsFunding runs at 10.95% a year — longs pay shorts, with $186 K of open interest.
What does the Magic Eden data show?
1. The trend is mixed
Price trades above its 50-day average and below its 200-day, with the two averages 44.68% apart. Market structure is still making lower highs and lower lows. The most recent daily candle pattern is doji. RSI (14) is 53.7.
2. Magic Eden is parked in the lower third of its 90-day range
Magic Eden is 14% of the way up its 90-day range, which runs from $0.05544 to $0.1261; over 30 days the market is +10.37%. The same headline number means something different at the top of a range than at the bottom — which is why position is worth naming.
3. Where the leverage sits
Perpetual funding runs at 10.95% annualised, so longs are paying shorts to keep their positions open. Funding is a crowding tax: the more one-sided the book, the more it costs to stay on that side, and the more likely the weakest hands there get squeezed out. Open interest stands at $186 K — that is the size of the leveraged book that has to be closed eventually.
What has already happened to Magic Eden?
July 2026
- Magic Eden moved +13.32% in a day, 3.5× its 30-day volatility30-day standard deviation of daily returns 3.82%+13.32%
June 2026
- ME’s MACD crossed into bullish territoryMACD line against its own signal line on closed daily candles
- Magic Eden closed at a 180-day low of $0.05954Previous trough of the 180-day window $0.06264, undercut by 4.95%−4.95%
- Magic Eden closed at a 180-day low of $0.06264Previous trough of the 180-day window $0.06879, undercut by 8.94%−8.94%
- Magic Eden closed at a 180-day low of $0.06879Previous trough of the 180-day window $0.07596, undercut by 9.44%−9.44%
- Magic Eden closed at a 180-day low of $0.07607Previous trough of the 180-day window $0.08345, undercut by 8.84%−8.84%
Show the earlier history (34 more entries)
May 2026
- Magic Eden moved +13.18% in a day, 4.0× its 30-day volatility30-day standard deviation of daily returns 3.31%+13.18%
- Magic Eden closed at a 180-day low of $0.09219Previous trough of the 180-day window $0.09651, undercut by 4.48%−4.48%
- Magic Eden moved −9.20% in a day, 3.4× its 30-day volatility30-day standard deviation of daily returns 2.71%−9.20%
April 2026
- ME’s MACD crossed into bearish territoryMACD line against its own signal line on closed daily candles
March 2026
- Magic Eden closed at a 180-day low of $0.09824Previous trough of the 180-day window $0.1014, undercut by 3.09%−3.09%
- Magic Eden closed at a 180-day low of $0.1014Previous trough of the 180-day window $0.1056, undercut by 3.98%−3.98%
- ME’s MACD crossed into bearish territoryMACD line against its own signal line on closed daily candles
- Magic Eden closed at a 180-day low of $0.1056Previous trough of the 180-day window $0.1096, undercut by 3.70%−3.70%
February 2026
- ME’s MACD crossed into bearish territoryMACD line against its own signal line on closed daily candles
- Magic Eden closed at a 180-day low of $0.1175Previous trough of the 180-day window $0.1243, undercut by 5.45%−5.45%
- Magic Eden moved +23.96% in a day, 3.4× its 30-day volatility30-day standard deviation of daily returns 7.00%+23.96%
- ME traded $7.2 M, 55.8× its 30-day median volume while price moved +23.96%30-day median volume $128 K+23.96%
- Magic Eden closed at a 180-day low of $0.1292Previous trough of the 180-day window $0.1557, undercut by 16.97%−16.97%
January 2026
- Magic Eden closed at a 180-day low of $0.1614Previous trough of the 180-day window $0.1794, undercut by 10.00%−10.00%
- Magic Eden closed at a 180-day low of $0.1840Previous trough of the 180-day window $0.1982, undercut by 7.15%−7.15%
- Magic Eden moved +18.49% in a day, 5.4× its 30-day volatility30-day standard deviation of daily returns 3.45%+18.49%
- ME traded $4.2 M, 30.6× its 30-day median volume while price moved +18.49%30-day median volume $137 K+18.49%
December 2025
- Magic Eden closed at a 180-day low of $0.2081Previous trough of the 180-day window $0.2185, undercut by 4.79%−4.79%
- Magic Eden closed at a 180-day low of $0.2185Previous trough of the 180-day window $0.2321, undercut by 5.84%−5.84%
- Magic Eden closed at a 90-day low of $0.2348Previous trough of the 90-day window $0.2530, undercut by 7.19%−7.19%
- Magic Eden closed at a 90-day low of $0.2530Previous trough of the 90-day window $0.2659, undercut by 4.86%−4.86%
- Magic Eden closed at a 90-day low of $0.2659Previous trough of the 90-day window $0.2771, undercut by 4.04%−4.04%
- Magic Eden closed at a 90-day low of $0.2771Previous trough of the 90-day window $0.2979, undercut by 6.98%−6.98%
- Magic Eden closed at a 90-day low of $0.2979Previous trough of the 90-day window $0.3082, undercut by 3.34%−3.34%
- Magic Eden closed at a 90-day low of $0.3082Previous trough of the 90-day window $0.3284, undercut by 6.16%−6.16%
November 2025
- Magic Eden closed at a 90-day low of $0.3404Previous trough of the 90-day window $0.3573, undercut by 4.72%−4.72%
- Magic Eden closed at a 90-day low of $0.3573Previous trough of the 90-day window $0.3685, undercut by 3.05%−3.05%
October 2025
- ME traded $9.8 M, 24.3× its 30-day median volume while price moved +11.88%30-day median volume $404 K+11.88%
- Magic Eden closed at a 90-day low of $0.4071Previous trough of the 90-day window $0.5802, undercut by 29.84%−29.84%
- Magic Eden moved −29.84% in a day, 8.5× its 30-day volatility30-day standard deviation of daily returns 3.53%−29.84%
September 2025
- Magic Eden closed at a 90-day low of $0.5866Previous trough of the 90-day window $0.6177, undercut by 5.03%−5.03%
- Magic Eden closed at a 90-day low of $0.6177Previous trough of the 90-day window $0.6502, undercut by 5.01%−5.01%
- ME traded $2.8 M, 10.7× its 30-day median volume while price moved +8.08%30-day median volume $262 K+8.08%
- ME traded $2.2 M, 12.6× its 30-day median volume while price moved +0.56%30-day median volume $170 K+0.56%
Entries are produced by the Spottrench algorithm from Hyperliquid data.
What is next for Magic Eden?
Dates we can verify and levels that would change the read on Magic Eden. No project roadmaps here — only schedules that exist on-chain or in the company calendar, and thresholds measured from our own data.
Unlock schedule from DefiLlama; earnings dates from the company calendar.
The bottom line
Pulling it together, our combined signal reads NEUTRAL (49/100, where 50 is neutral). On the last closed day Magic Eden fell 1.64% against a category median of +0.00%, with 88 of 177 markets in the category closing lower. We do not claim to know why Magic Eden moved — everything above is measurement, not a cause.
Frequently asked questions
What is the latest news on Magic Eden?
The most recent development we recorded is: The trend is mixed (2026-07-23). This page is a dated log computed from market data rather than a press feed — every entry is a measurement with the date it happened.
How often is the Magic Eden page updated?
Once a day: it is recomputed after the daily candle closes, and the time of the last update is printed at the top of the page. Log entries are dated by the day the event happened, not the day we published it.
Where does the Magic Eden data on this page come from?
From Hyperliquid directly: daily candles, open interest, funding and the on-chain positions of active large wallets. Nothing here is copied from another site's article, and no language model writes the text — the wording is generated from the numbers by fixed rules.
Is this Magic Eden page investment advice?
No. It is an algorithmic summary of measured market data from Hyperliquid — price moves, positioning, derivatives and our own model. It is not investment advice and past performance does not guarantee future results.
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