If You Hold Solana on Magic Eden's Wallet, It's Time to Move It or Lose It

Users of Magic Eden’s multi-chain crypto wallet volition request to export the wallet oregon determination their contents to debar losing entree to funds.

The NFT marketplace turned crypto casino and sportsbook had antecedently announced its intentions to upwind down its wallet operations, with enactment and app store listings ending connected April 1. 

A past infinitesimal reminder from the steadfast has led to immoderate questions from users arsenic they effort to migrate wallet services up of the deadline. 

“Tomorrow, the ME Wallet volition spell into a deprecated export lone mode and beryllium removed from app stores,” a station from a Magic Eden typical in its assemblage Discord reads. “If you suffer entree to your instrumentality oregon downloaded mentation of the app, this means you volition besides suffer entree to immoderate wallets.” 

The firm’s guided export walkthrough indicates that those who already person the wallet app oregon extensions downloaded whitethorn inactive support entree to it until May 1, allowing them to perchance export their backstage keys later.

However, anyone without entree to the mobile app oregon hold volition not beryllium capable to download it from respective app stores erstwhile it's removed connected Wednesday. After May 1, the wallet volition unopen down afloat and whitethorn not beryllium functional astatine all. 

Those who utilized the wallet for transacting connected Ethereum oregon Bitcoin whitethorn beryllium capable to usage the effect phrase—a mnemonic made up of 12 oregon 24 words which contains the backstage key—to reconstruct their addresses successful different wallet provider.

But Solana addresses whitethorn look differently, and truthful users with assets connected the speedy layer-1 web are encouraged to export their backstage cardinal to guarantee they support entree to their Solana assets.

The firm, which debuted with a absorption connected Solana NFTs successful 2021, launched Dicey—a crypto casino arsenic portion of a strategical displacement beyond integer collectibles successful January. As portion of that announcement, it indicated it would extremity enactment for NFTs connected Ethereum, Ethereum-based chains, and Bitcoin—where it was erstwhile the person successful Ordinals and Runes trading, the Bitcoin equivalent of NFTs and fungible tokens oregon meme coins. 

The determination has not spared the platform’s autochthonal Magic Eden token, which trades arsenic ME. The ME token is down 99.94% from its December 2024 all-time precocious of $17. 

ME is up astir 0.8% connected the time and 4% disconnected its all-time low, according to information from CoinGecko, precocious changing hands astir $0.09 astatine a $50 cardinal marketplace cap.