#MAGMA #MagmaFinance #SuiEcosystem #Moonshot
$0.2121, up 35.88% in 24 hours, and 9.64% over the last week.
Magma is a DeFi protocol on the Sui chain, and today it just pumped hard. Futures volume at 85.68 million, spot trading at 2.03 million, a staggering 42x difference. OI at 15.15 million, accounting for 37.6% of a market cap of 40.3 million.
Circulating supply is 190 million, total supply is 1 billion, with a circulation ratio of 19%.
The Sui ecosystem has been buzzing lately, but with Magma's futures dominating at 42x, it shows that speculative funds are in play. A 9.64% rise over the week, but a 35% jump in a single day might indicate a rush of short-term capital.
$MAGMA
$0.2121, up 35.88% in 24 hours, and 9.64% over the last week.
Magma is a DeFi protocol on the Sui chain, and today it just pumped hard. Futures volume at 85.68 million, spot trading at 2.03 million, a staggering 42x difference. OI at 15.15 million, accounting for 37.6% of a market cap of 40.3 million.
Circulating supply is 190 million, total supply is 1 billion, with a circulation ratio of 19%.
The Sui ecosystem has been buzzing lately, but with Magma's futures dominating at 42x, it shows that speculative funds are in play. A 9.64% rise over the week, but a 35% jump in a single day might indicate a rush of short-term capital.
$MAGMA