MAGIC breaking out with Massive Volume on Higher Timeframes and Bulls are taking over, with strong momentum and aggressive buying
Treasure DAO’s June 12–14 announcements of AI-powered NFT agents and an “Emotion System” for in-game interactions drove speculative interest. The updates aim to deepen player immersion in its Arbitrum-based gaming ecosystem, with beta access to new features like Gigaverse fishing. This aligns with MAGIC’s role as the ecosystem’s utility token, triggering a 2,229% spike in trading volume to $365M
The May 30 shutdown of Treasure Chain redirected 10M MAGIC tokens (previously allocated to EigenLayer staking) to the treasury (MAGIC_250605)
Circulating supply remains at 307M (88% of max), avoiding inflationary pressures despite recent volatility
Treasure DAO’s June 12–14 announcements of AI-powered NFT agents and an “Emotion System” for in-game interactions drove speculative interest. The updates aim to deepen player immersion in its Arbitrum-based gaming ecosystem, with beta access to new features like Gigaverse fishing. This aligns with MAGIC’s role as the ecosystem’s utility token, triggering a 2,229% spike in trading volume to $365M
The May 30 shutdown of Treasure Chain redirected 10M MAGIC tokens (previously allocated to EigenLayer staking) to the treasury (MAGIC_250605)
Circulating supply remains at 307M (88% of max), avoiding inflationary pressures despite recent volatility
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.