Magic Eden Wallet Deprecation: Export-Only From April 1

Magic Eden will deprecate its native wallet and move to an “export-only” mode starting April 1. The Magic Eden wallet will allow users to export private keys/seed phrases, but it will stop full functionality on May 1. After that date, the wallet is expected to be shut down with no practical way to recover private keys, so users are urged not to delete the app until they export. From April 1, the Magic Eden wallet will only support key/seed exports and will be removed from app stores. It will not support new transactions or other wallet activities. Magic Eden also warns that the only wallet version is the one already downloaded; new wallets can’t be reinstalled or recovered. The company previously discontinued its EVM and Bitcoin wallets on its site, tied to marketplace withdrawals and cut-off deadlines (including a March 27 API/market shut-down timeline). Users are advised to export before April 1 or import keys into another wallet to move assets safely; seed-phrase storage is presented as the safety fallback. Separately, Magic Eden says the ME token remains central. Stakers continue to receive USDC rewards, and Magic Eden has a ME buyback program. ME is also planned to be used in the Dicey app, with ongoing token unlocks (noted as 28.4% awaiting unlock). Trading context: ME is around $0.09 near an all-time low. For traders, the key takeaway is operational risk around custody access (export deadlines) and the ongoing shift from NFT marketplaces toward Dicey/entertainment—factors that can affect flows, sentiment, and ME demand in the near term.