@defi-josh
Who says only women fall in love when gifted?
I did too.
Got ~$1,000 in $ME during its Dec 2024 airdrop.
Sold it all, like most—then earned it back.
Curious, I analyzed $ME claimers and MagicEden’s DeFi rise on Solana.
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📍Overview
- 137,850 airdropped; 137,506 claimed (77%)
- 87% sold, 2% held, 1.2% bought more
- $ME holders grew +42% in 180 days—now 16% above airdrop count
- Only 0.3% hold >10,000 $ME
📍DeFi Stats:
- $1.6B volume, 3.85M trades, 296k users
- Top DEXs: Meteora, Raydium, Orca
📍User Behavior:
- Raydium: most activations
- Orca & Meteora: better retention
- Raydium: most reactivations
Compared to $WIF, $JUP, etc., $ME ranks:
4th in volume/trader count, 6th in trades, 5th in avg. trade stats.
MagicEden leads NFTs on Solana. $ME is growing fast.
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Full data story telling was done on 𝕏 https://x.com/defi__josh/status/1947954078689968451
Interactive dashboard https://dune.com/defi__josh/unmasking-dollarme-adoption-and-user-behavior-after-tge-and-airdrop
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