SPELL Token Surges 31.92% After 3.7 Billion Transfer, Everstake Partnership, and Spell Wallet Launch

Spell Token (SPELLUSDT) experienced significant price volatility in the past 24 hours, with the price rising 31.92% to $0.0006063 on Binance. This sharp increase is attributed to heightened trading activity following a large transfer of 3.7 billion SPELL tokens, renewed community discussions about security, and positive sentiment from recent developments such as the partnership with Everstake and the launch of the Spell Wallet. Technical indicators showed oversold conditions, which may have contributed to the rebound, while increased trading volume during the price decline suggested weakening bearish momentum.

Currently, SPELLUSDT is trading at $0.0006063 with a 24-hour open of $0.0004596, reflecting strong upward movement. The circulating supply is approximately 164.45 billion SPELL, and the market capitalization is estimated between $76.90 million and $97.01 million, with trading volumes ranging widely across exchanges. The token remains actively traded on major platforms, and recent developments have contributed to increased market attention and volatility.