Magic Eden to reinvest 30% of secondary market revenue in ME tokens and NFTs

Magic Eden will utilize 30% of its secondary market revenues for buybacks, with 15% designated for ME tokens and another 15% for NFT buybacks, focusing on Solana chain.

If NFT transaction volume exceeds 10,000 SOL, 15% of transaction fees will fund NFT buybacks. The system will initiate buybacks automatically once adequate funds are present.