Magic Eden Wallet shut down: how to get your funds back

Magic Eden Wallet is gone: Magic Eden ended support and switched it to export-only on 1 April 2026, and warned it may stop working altogether after 1 May. Your coins and NFTs are not gone with it. The wallet was self-custodial, so everything still sits at your addresses on chain, and getting it back depends on what you saved. EVM and Bitcoin accounts restore from your 12 or 24 words in most wallets. Solana is the trap: Magic Eden derived Solana addresses differently from most wallets, so the same words can open an empty Solana account somewhere else. Facts below were checked against Magic Eden’s help center and announcements on 27 October 2026.

What happened to Magic Eden Wallet?

On 27 February 2026 Magic Eden announced it was narrowing the company to Solana and to Dicey, its crypto casino and sportsbook. The cuts came in steps:

• 9 March: the EVM and Bitcoin marketplaces closed. Only the Solana marketplace remains.
• 27 March: the Bitcoin and Runes APIs shut down, and BTC left in bidding wallets had to be withdrawn.
• 1 April: support for the wallet app and browser extension ended, and existing installs became export-only.
• 1 May: Magic Eden said the wallet “may no longer function”, even where it was still installed.

The extension and the mobile app followed the same dates. Magic Eden also said it cannot recover anyone’s private key and named no replacement wallet. It joins a long list: 35 crypto tools have shut down since 2022, and Kraken’s Inky wallet closed in March the same way.

Are your funds gone?

No. A self-custodial wallet is an app that holds keys; the assets live on the chains, at addresses those keys control. When the app stops, the addresses keep their balances. You can confirm that before you recover anything: paste your old Solana, EVM or Bitcoin addresses into an explorer, or into a portfolio tracker that reads by address, and you will see what is still there. Reading an address needs no key and moves nothing.

What you need to move those funds is the key. Which key, and which wallet will accept it, depends on the chain.

How do you recover each chain?

Magic Eden’s own instruction was to export the private key for each network rather than rely on the seed phrase. In the app: Settings, Back Up, View Recovery Phrase, the key icon, pick the network, View Key. Copying is disabled, so the key has to be written down by hand. If your app still opens, do it today, and do not uninstall it first: on Android and in the browser extension, uninstalling deletes the stored phrases for good.

Why does Solana restore to a different address?

A recovery phrase is not an address. Wallets turn the words into keys along a derivation path, and Magic Eden used a different Solana path from most wallets: its help center lists m/44’/501’/X’/0/0 where Phantom uses m/44’/501’/0’/0. Same words, different path, different address. That is why Magic Eden told users to export the Solana private key instead.

If you only have the phrase, the Solana funds are still at the old address; you need a wallet that derives the same one. Some wallets let you choose the derivation path during import, Solflare among them. Compare the address each option produces with the one your old transactions show, and only move funds once they match. Never paste the phrase into a website that offers to recover or migrate it: that is how most wallets get drained, as our guide to what a seed phrase is explains.

What about Ordinals and Runes?

Magic Eden kept Bitcoin in two addresses per account: a payment address and a Taproot address that holds Ordinals, Runes and BRC-20. Each has its own private key, and the Taproot key is exported by choosing Bitcoin in the network list. Xverse can import a Magic Eden phrase directly and detects its derivation path; Ordinals and Runes then appear under its Taproot address. Move inscriptions only with a wallet that understands them, or a plain send can spend the sats they sit on.

Kraken’s Inky: the same story, faster

Kraken stopped Inky sign-ups on 12 March 2026 and switched the app off on 26 March. Inky had no recovery phrase at all: it was a login-based wallet, so the only way out was to withdraw or export two private keys, one for EVM networks and one for Solana. Kraken pointed users to Beholder, its newer self-custody wallet. If you missed the date, Kraken’s support page is the place to start.

How do you avoid this next time?

• Keep the recovery phrase and, for every chain you use, note which wallet created it: the wallet name tells the next app which derivation path to use.
• Write down your addresses somewhere that is not the wallet. They are public, harmless to store, and the fastest way to check that nothing moved.
• Watch your wallets from a tool that reads addresses, so the view of your money survives any one app closing. TrueHold reads Solana, EVM and Bitcoin wallets by address, NFTs included, without a key.

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