$MAGIC spot price up 83% in 24h, topping Binance’s gainers list
Current price: 0.1219; 24h range: 51%; spot trading volume: $32.3M. Across all platforms, perpetual futures are up 85.8%, with $719.4M in 24h trading volume and $2.4M in liquidations affecting 2,786 traders. Futures volume is more than 20 times spot volume, suggesting that market sentiment is driving the move.
BlockBeats Flash: MAGIC has a market cap of about $33 million. Its small market cap, high volatility, and huge futures volume—along with liquidations on both sides (2,786 traders)—suggest that both momentum buyers and countertrend short sellers have been caught out. Chasing the rally carries extremely high risk.
Data is from public sources. Do your own research.
#MAGIC
Current price: 0.1219; 24h range: 51%; spot trading volume: $32.3M. Across all platforms, perpetual futures are up 85.8%, with $719.4M in 24h trading volume and $2.4M in liquidations affecting 2,786 traders. Futures volume is more than 20 times spot volume, suggesting that market sentiment is driving the move.
BlockBeats Flash: MAGIC has a market cap of about $33 million. Its small market cap, high volatility, and huge futures volume—along with liquidations on both sides (2,786 traders)—suggest that both momentum buyers and countertrend short sellers have been caught out. Chasing the rally carries extremely high risk.
Data is from public sources. Do your own research.
#MAGIC