MAGIC Token Surges 29% as KuCoin Funding Rate Shift and AI Integration Drive $597M Volume

MAGICUSDT experienced a significant price increase of 29.49% over the past 24 hours, with the current price at $0.2046 according to Binance data. The recent price surge can be attributed to heightened trading activity following KuCoin’s adjustment of the MAGICUSDT perpetual contract funding rate settlement frequency, which aims to improve alignment between futures and spot prices. Additional factors include increased market attention from trading signals and analysis on Binance Square, as well as ongoing interest stemming from earlier ecosystem developments such as the integration of AI agents in the Treasure platform.

In the past 24 hours, MAGIC/USDT saw robust trading volume, with approximately $597.8 million traded and the price opening at $0.1580. The asset’s market capitalization is around $54.2 million, and trading activity remains concentrated on major exchanges, particularly Binance.