Magic Eden’s multi-chain crypto wallet will exit app stores tomorrow, putting users at risk of losing access to funds without private keys.
The platform, formerly focused on Solana NFTs, has pivoted toward a crypto casino and sportsbook. Users must export their assets by May 1 to avoid permanent loss.
Solana holdings require special attention due to potential address differences. Those relying on seed phrases can recover Ethereum or Bitcoin wallets, but not all Solana addresses are recoverable.
Magic Eden token (ME) has plummeted 99.94% since its December 2024 peak, trading near $0.09 with a $50M market cap.