The crypto gaming segment may not have truly become the center of attention, but this is the moment traders should start to pay close attention. The market capitalization of GameFi is currently around $12.1 billion, down 4% in the past 24 hours. However, in this context, several standout game tokens are signaling early potential for a breakout in August.
From the declining exchange reserves, the accumulation movement from whales to the important technical levels, 4 tokens FLOKI, MAGIC, RNDR, and BEAM are becoming noteworthy.
Floki (FLOKI) – Strong accumulation signal, waiting for a breakout
Floki – a meme-inspired currency that has moved beyond the role of a 'fun coin' – is becoming one of the most notable metaverse & GameFi projects. The ecosystem of FLOKI currently includes FlokiFi Locker and the metaverse Valhalla, distinguishing it completely from most other meme coins that lack practical foundations.
August begins with the strongest on-chain setup among game tokens, even though FLOKI's price still fell 12% in the past week.
According to data from Nansen, the top 100 wallets have significantly increased their holdings of FLOKI over the past 30 days, while exchange reserves have decreased by 4.52%, currently around 2.14 trillion FLOKI. This means nearly 96.8 billion tokens have been withdrawn from exchanges – a very clear accumulation signal.
Despite a slight decrease in 'smart money', whale holdings have increased to over 17%, reinforcing confidence from large investors.
On the price chart, FLOKI is currently trading around $0.0001, after bouncing up from the support zone of $0.000098. If $0.00011 (Fib 0.236) is broken, the next target will be $0.00012, before challenging the peak region of $0.00015 and further to $0.00019 if market trends are favorable.
Conversely, if $0.000098 is breached, the short-term bullish outlook may be invalidated.
Overall, FLOKI is in a balance between buying pressure from whales and reduced selling pressure, opening up opportunities for a breakout if it breaks key resistance levels in August.
MAGIC – 'The magic' of GameFi on Arbitrum
MAGIC is the central token of the Treasure ecosystem – a decentralized crypto gaming hub built on Arbitrum, serving as a liquidity layer connecting metaverse assets across multiple games and NFT projects, forming the foundation for a highly interoperable GameFi ecosystem.
Notably, MAGIC is the only GameFi token on this list that has recorded growth in the past 7 days — +57.4% compared to last week, indicating that buyers are still in control. Despite a strong breakout in July, MAGIC's upward momentum in August remains significantly robust.
According to data from Nansen, exchange reserves continue to decline, and this drop is directly associated with the price increase, reinforcing the view that the upward momentum comes from immediate buying capital flows. This also reflects the expectation that the 'magic' from MAGIC has not yet stopped.
The Bull-Bear Power (BBP) index is currently at +0.1585, surging after a long period of weakness, indicating that demand is significantly improving even as prices adjust. Notably, even though prices have stalled after the increase, buyers still control the game.
Technically, MAGIC has just surpassed the Fibonacci threshold of 1.618 at $0.27 but quickly faced resistance. If it decisively breaks this zone, the upward momentum could extend to $0.36 or higher according to Fibonacci retracement levels. Conversely, $0.22 plays a crucial short-term support role, and the upward trend will remain as long as $0.17 is not breached.
Overall, MAGIC is in the hands of buyers, with a positive technical structure and supportive on-chain capital flows, making it a strong candidate for the next rally in the GameFi token space.
RENDER – 'Compressing power' in a wedge pattern, waiting for a breakout
Render is a platform that allows users to share unused GPU power for rendering tasks, paving the way for various AI, metaverse, and GameFi applications. The RNDR token serves as a payment medium and governance tool across the entire network.
Despite a 11.42% drop in the past week, currently trading at $3.52, the RENDER token still shows potential for a breakout in August.
According to data from Nansen, the amount held by whales has increased significantly, not only in the top wallet group but also in a broader range. Exchange reserves continue to decline, indicating that immediate selling pressure is easing, while also reflecting the accumulation process off-exchange.
On the technical chart, RENDER is moving within a symmetrical wedge pattern, after bouncing from support at $3.34. If it surpasses $3.83 (Fib 0.236), the price may target the $4.39–$4.62 range, and a breakout from this pattern could pave the way to $4.98 – $5.43 – even $6.72.
Conversely, if $3.34 is breached, the bullish structure will be invalidated, pulling RENDER into a downtrend.
The Bull-Bear Power (BBP) index is currently negative at -0.353, but is gradually improving. If this trend continues, RENDER could quickly become a breakout candidate for August.
BEAM – The silent piece in the GameFi season
BEAM is a chain game module within the Merit Circle ecosystem, focusing on supporting developers and boosting in-game economies. Although less mentioned compared to larger tokens, BEAM is quietly benefiting from the increasing interest in the altcoin market.
According to Nansen data, whales have increased their BEAM reserves by 2.94% in the past three months. At the same time, Smart Money and the top 100 wallets have also increased their holdings, while exchange reserves have decreased by nearly 9%, reducing selling pressure and indicating accumulation movements.
Currently, BEAM is trading around $0.0067, down 12% in the week but still holding above the support level of $0.0063. If it regains $0.0070 (Fib 0.236), the token may target $0.0081 and $0.0092 in the short term, with little significant technical resistance in the upper ranges. However, if it breaches $0.0063, the bullish scenario will be invalidated.
Although whale capital flows are not as strong as FLOKI or MAGIC, the recent recovery pattern and accumulation behavior make BEAM one of the tokens to watch, especially as GameFi returns to market interest.