MAGIC Token Soars 23.92% as DAO Proposal and Trading Volume Surge Drive Market Momentum

MAGICUSDT experienced a significant price increase of 23.92% over the last 24 hours, with the current price at $0.1772 on Binance, up from a 24-hour open of $0.1430. The primary driver of this surge appears to be heightened community activity surrounding a DAO proposal to increase MAGIC's token supply by 8%, which has generated substantial discussion and attention. Additionally, confirmation of an updated supply schedule on Upbit and recent spikes in trading volume—up 918.90%—have contributed to increased market volatility and price movement. The token's market capitalization is approximately $46.84 million, with a circulating supply of 307.54 million and 24-hour trading volumes reaching $10.89 million across spot markets and notably higher volumes on major futures exchanges.