The KEY PART of @MagicEden update 99% missed
They changed where their fees go.
30% of all secondary revenue now stays inside the ecosystem:
> half gets burned
> half goes straight into NFT buys
What surprised me was how fast the market reacted:
→ $ME volume spiked
→ price held
→ NFTs moved
→ listings grew
→ whales added instead of exiting
That’s not how these updates usually play out.
What matters is the loop: money comes in → money stays in
Supply drops a little every month & and floors don’t get abandoned.
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