Magic Eden is making moves 🎨 by announcing its first buyback plan: 15% of NFT marketplace revenue will be used to buy back ME tokens, and another 15% will be used to purchase NFTs on the platform to be stored in the "Eden Garden" vault. The token buyback starts immediately, while the NFT buyback will begin with the Solana ecosystem and gradually expand to Bitcoin, Monad, Ethereum, and other chains later this year. It looks like they're using real money to back their own ecosystem. ME token surged 4% in response, and retail investors are speculating whether more surprises are coming.
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