$MAGIC is trading at $0.1627 with a 24-hour volume of $76.8 million and a market cap of $50.0 million, up 16.3% on the day. This breakout was ignited by the surprise launch of Treasure’s “Meta-Quest” cross-chain game demo on Arbitrum and Avalanche—which immediately drove a 75% spike in on-chain asset mints—was turbo-charged by the June 2 Gateio listing that opened new USDT pairs and sent daily volumes surging, and was cemented by a decisive technical reclaim of the $0.14 pivot on heavy volume; on-chain data now show significant whale accumulation pulling large MAGIC stakes off exchanges, tightening effective supply and fuelling today’s rally.