MAGIC Token Surges 18% After Binance Perpetual Listing and Supply Increase, Trading Volume Hits $90M

MAGICUSDT experienced a significant price increase in the last 24 hours, rising 18.42% from 0.2079 to 0.2462 USDT on Binance. This surge is primarily attributed to the recent listing of MAGIC/USDT perpetual contracts on Binance and the immediate implementation of Treasure DAO’s governance proposal to increase the circulating supply of MAGIC tokens from approximately 311 million to 337 million. These developments have driven heightened trading activity and positive sentiment, as reflected in the substantial 24-hour trading volume of $90,028,613 on Binance. Currently, MAGICUSDT is trading at 0.2462 USDT, with strong market participation and notable volatility following the recent breakout and supply adjustment.