$MAGIC

📉 $MAGIC Sinks – Recent Gains Erased

Today has been a tough day for $MAGIC. After earlier rallying, the token has slid back down—now trading near $0.1344, erasing the momentum from this week’s highs. That plunge has effectively nullified all recent gains, leaving holders flat to slightly in the red.

🔎 What’s weighing on the token?

• Heavy recent news: Treasure DAO’s restructuring and the shutdown of its chain continue to cast a shadow—$MAGIC dropped ~10–12% in the past 24 hours .

• Worsening sentiment: Market mood remains bearish, with technical indicators and a low “Fear & Greed” sentiment pointing to weak confidence .

• Liquidity and adoption concerns: Uncertainty around cost-cutting and pivot plans has dampened interest and pressure from long-term hodlers .