What happened: The new coin $MAGMA surged 61.73% in 24 hours to $0.5115, reaching an intraday high of $0.54446 and a low of $0.30567. Its price range was nearly 80%, with $219 million in trading volume. My take: The new coin is extremely volatile. Before chasing the rally, consider how much of a pullback you can tolerate, and avoid taking on too large a position. #NewListing #MAGMA