ME Surges 20% as Magic Eden Partners With TRUMP Memecoin, Trading Volume Hits 18 Million

ME is currently trading at 1.026 USDT on Binance, up 20% from the 24h open of 0.855, with significant trading activity following the recent announcement of a partnership between Magic Eden and the TRUMP memecoin project to launch the TRUMP crypto wallet and open its waitlist. This development led to a surge in ME/USDT trading volume, reaching 18 million ME in 24 hours and resulting in $196,000 in short liquidations. The price increase and heightened volume can be directly attributed to the positive sentiment and increased market participation driven by the partnership news and the new wallet initiative. Broader market strength in major cryptocurrencies and a bullish overall crypto environment have also contributed to the asset’s upward movement.