Today (December 16) Binance Alpha listing project Magma Finance (MAGMA) introduction, expected at 18:00

Brief version:

Magma Finance (MAGMA), founded in 2024, with the founder being a Vietnamese immigrant in Australia, raised $6 million in emergency financing before the listing (December 8), raising concerns about inflated valuation.

Recently, due to the new regulations on Alpha contracts, the trend has been to open low and rise high; if the opening yield is too low, one might consider waiting for further developments.

Magma Finance (MAGMA)

Introduction: Founded in 2024, a Vietnamese-Australian project (the founder is a Vietnamese-Australian), raised $6 million, an adaptive liquidity engine on the Sui chain.

Total supply: 1 billion, issued on the SUI chain

Circulation: 190 million (19%)

Contract address (SUI): 0x9f854b3ad20f8161ec0886f15f4a1752bf75d22261556f14cc8d3a1c5d50e529::magma::MAGMA

Listing time: expected at 18:00

Listing exchanges: Binance Alpha, bitget, MEXC (20:00)

Evaluation: Founded in 2024, an Australian project (Vietnamese descent), raised $6 million in emergency financing on December 8, led by HashKey, raising concerns about inflated valuation before listing.