$MAGIC As of February 17, 2026, Treasure (MAGIC)—the native token of the "Nintendo of Web3" ecosystem—is currently navigating a high-stakes "Survival & Pivot" phase. After a major restructuring in early 2025, the project has transitioned from a broad gaming publisher to a lean, AI-focused infrastructure play.
1. Market Performance & Health
Current Price: Approximately $0.068 – $0.072.
Recent Momentum: MAGIC is currently consolidating after a volatile few weeks. It saw a brief +15% relief rally in early February but has retraced as it faces overhead resistance. It is down about 30% over the last 30 days, largely due to broader "Extreme Fear" in the altcoin market.
Market Cap: Roughly $21 Million – $24 Million, placing it around #770 in global rankings.
Volume: 24-hour volume remains surprisingly high for its market cap, averaging $8 Million – $28 Million. This high turnover indicates that MAGIC remains a high-beta favorite for speculators despite its lowered valuation.
2. The 2026 "Strategic Pivot" Narrative
MAGIC’s trajectory in 2026 is defined by a massive shift in its business model following financial strain in 2025:
The Runway Extension: In early 2025, Treasure DAO slashed its annual burn from $11.3M to $1.2M to extend its financial runway through 2026. This involved shutting down its native "Treasure Chain" and laying off key staff.
AI Agent Focus: The ecosystem's survival now hinges on Scaling Technology for AI Agents. This allows users to create autonomous NFT personalities (like the Neurochimp) that can play games, trade, and perform tasks across different platforms.
The "Core Four" Products: Treasure has officially narrowed its focus to just four pillars: the Marketplace (Trove), Bridgeworld, Smolworld, and AI Frameworks. Any game that does not fit this high-efficiency model has been offboarded.
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