SPELL Token Surges 23.74% After Everstake Partnership, Spell Wallet Launch, and Major Whale Transfer

Spell Token (SPELLUSDT) has experienced a significant price increase of 23.74% over the past 24 hours, with the current price at $0.0005724 and a 24-hour open of $0.0004626, according to Binance data. The recent surge in price and trading volume can be attributed to heightened market activity following the announcement of a partnership with Everstake and the launch of Spell Wallet, as well as increased attention from a large transfer of 3.7 billion SPELL tokens reported on social media. Technical analysis from multiple sources highlights ongoing volatility, with SPELLUSDT trading between $0.000455 and $0.0005536 in the last day and a circulating supply of approximately 164.45 billion tokens. The token remains highly volatile, with trading volumes ranging from $23.53 million to over $84 million and a market capitalization estimated between $82.53 million and $86.91 million.