$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