Magic Eden (ME) token price is down 15% as it extends its downtrend from recent highs of $1.15 on June 3, 2025.
The price decline was triggered by Trump's sons distancing the Trump Organization from a new crypto wallet announcement involving Magic Eden.
Magic Eden price is currently hovering around $0.87, approaching its all-time low of $0.78 reached in April.
Market indicators suggest a bearish trend, with the RSI below 50 and the MACD showing bearish strength, potentially leading to further downside towards the $0.78 support level.