Market Cap: $3.4699T 0.900%
Volume(24h): $145.2709B 18.480%
  • Market Cap: $3.4699T 0.900%
  • Volume(24h): $145.2709B 18.480%
  • Fear & Greed Index:
  • Market Cap: $3.4699T 0.900%
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Spell Token
Spell Token SPELL
#395
$
%(1d)

0.00 USDT

14.50%(1d)

0.00 TRY

11.11%(1d)

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Price performance

Low

High

$

$

Buy / Sell

All-time High

$0.08

Nov 16, 2021

-99.27%(1d)

All-time Low

$0.00

Aug 18, 2023

57.65%(1d)

Volume(24h)

$8.14M

{{decimal(volume_24h_change,false,2)}}%(1d)

Turnover rate

9.09%

Market Cap

$89.5639M

FDV

$108.1M

Circulating supply

$162.41B

Total supply

$196.01B

Max supply

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Spell Token Markets

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Exchange Pairs Price Volume (24h) Volume % Confidence Liquidity Score Earn
Showing {{ marketoffsetleft }}-{{ marketoffsetright }} ( in total {{ markettotal }})

Community sentiment

26%

74%

Bullish

Bearish

Cointelegraph

Jun 11, 2025 at 12:00 pm

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🔥 UPDATE: BlackRock spot ETFs bought 3,050 $BTC and 30,080 $ETH on June 10.

From Twitter

Coin Bureau

Jun 11, 2025 at 11:30 am

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🚨JUST IN: The 21Shares $SUI ETF has hit a new milestone! Nasdaq has filed a 19b-4 form with the SEC to list the spot ETF. This marks the formal beginning of the process!

From Twitter

Ardalyn

Jun 11, 2025 at 11:02 am

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My watchlist $ETH $ENA $EIGEN $PEPE If Dip I bought 4 this is NFA Always Dyor

From Twitter

MEXC_Listings

Jun 11, 2025 at 10:54 am

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🔔 #MEXC New Listing 🔔 🔹 $LA/#USD1 🔹 #EGL1/#USD1 🔹 $XRP/#USD1 🔹Trading: June 11, 2025, 06:30(UTC) 🎉 Listing Celebration: Enjoy Zero Trading Fees! ( Ends at July 11, 2025, 16:00 UTC) Learn more 👉 https://mexc.com/support/articles/17827791524757

From Twitter

Mario Nawfal’s Roundtable

Jun 11, 2025 at 10:15 am

READ MORE
A NEW WALLET HAS RECEIVED $4M USD1 FROM WORLD LIBERTY FI AND IS NOW THE 10TH LARGEST USD1 HOLDER. Source: JUST IN: WORLD LIBERTY FI (@WORLDLIBERTYFI) HAS TRANSFERRED $333,333 $USDC TO 4 DIFFERENT WALLETS. Source: @OnchainLens

From Twitter

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Spell Token Markets

Exchange Pair Price Volume (24h) Volume % Confidence Liquidity Score Earn

About Spell Token

Where Can You Buy Spell Token (SPELL)?

[Spell Token](https://coinmarketcap.com/currencies/spell-token/) (SPELL) is available on [SushiSwap](https://coinmarketcap.com/exchanges/sushiswap/) and [Gate.io](https://coinmarketcap.com/exchanges/gate-io/).

Can Spell Token Hit $1?

Although [Spell Token](https://coinmarketcap.com/currencies/spell-token/) (SPELL) has been in a continuous uptrend and has an impressive market capitalization of almost 2 billion dollars, it is unlikely that it will ever hit $1, due to its enormous total supply. If the community decided to [burn](https://coinmarketcap.com/alexandria/glossary/burned) more SPELL from the total supply and if Abracadabra integrated with more protocols, SPELL could continue its uptrend in the future and reach new all-time highs.

How Is the Spell Token Network Secured?

Abracadabra is a multichain [protocol](https://coinmarketcap.com/alexandria/glossary/protocol), with [Spell Token](https://coinmarketcap.com/currencies/spell-token/) (SPELL) therefore available on [Ethereum](https://coinmarketcap.com/currencies/ethereum/) (ETH), [Avalanche](https://coinmarketcap.com/currencies/avalanche/) (AVAX), [Fantom](https://coinmarketcap.com/currencies/fantom/) (FTM), and Arbitrum. Ethereum is one of the most popular [blockchains](https://coinmarketcap.com/alexandria/glossary/blockchain) out there and is the go-to solution for many [decentralized application](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) (DApp) developers. A set of [nodes](https://coinmarketcap.com/alexandria/glossary/node) validate transactions and secure the Ethereum blockchain, and the network is in the process of transitioning from using a [proof-of-work](https://coinmarketcap.com/alexandria/glossary/proof-of-work-pow) (PoW) [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism) to [proof-of-stake](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) (PoS). Unlike PoS or PoS, Avalanche uses a directed acyclic graph ([DAG](https://coinmarketcap.com/alexandria/glossary/directed-acyclic-graph-dag)) protocol, in which all nodes process and validate transactions. Fantom uses its own proprietary [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism), which allows both for higher capacity and two-second transaction finalization, alongside security improvements. Arbitrum is a [layer two](https://coinmarketcap.com/alexandria/glossary/layer-2) scaling solution for Ethereum that uses [optimistic rollups](https://coinmarketcap.com/alexandria/glossary/optimistic-rollup) to achieve faster transaction times and near-zero [gas](https://coinmarketcap.com/alexandria/glossary/gas) fees.

How Many Spell Token (SPELL) Coins Are There in Circulation?

The total supply of [Spell Token](https://coinmarketcap.com/currencies/spell-token/) (SPELL) is 210 billion, with 210 billion having been burned after token generation. The token distribution is as follows: * 63% (132.3B SPELL): global farming incentives * 30% (63.0B SPELL): team allocation (4 year vesting schedule) * 7% (14.7B SPELL): initial DEX offering SPELL will follow a ten-year [halving](https://coinmarketcap.com/alexandria/glossary/halving) model, which will cut in half the rewards distributed every year. 50% of team tokens are to be issued in the first year, 25% in the second, and 12.5% in the third and fourth years. Each week, 624 million SPELL are emitted. SPELL is also used as a governance token, with users having voting power according to how much they have staked.

What Makes Spell Token Unique?

Thanks to the Kashi Lending Technology introduced by SushiSwap, Abracadabra’s isolated lending markets have sparked a wave of innovation in [decentralized finance](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) (DeFi) lending. In an isolated lending market, the risk is not shared collectively. Users can provide [liquidity](https://coinmarketcap.com/alexandria/glossary/liquidity) for any token and if the currency pair loses its liquidity or something happens to the [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract), only that pair is affected and not the entire platform. This allows Abracadabra to offer various pairs that are not supported by most other [decentralized exchanges](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEXs). One of the features of using this technology is that users can leverage their interest-bearing token positions. Users borrow against their positions and then again borrow against the borrowed stablecoin, creating several loops and thereby increasing their leverage. All of this is done in one transaction, which is why the user only pays a [gas](https://coinmarketcap.com/alexandria/glossary/gas) fee once. [Spell Token](https://coinmarketcap.com/currencies/spell-token/) (SPELL) can be farmed by providing liquidity in one of the different [pools](https://coinmarketcap.com/alexandria/glossary/liquidity-pool). SPELL can also be staked, and staked tokens accrue a share of the platform fees (interest, borrowing fees, and 10% of the liquidation fee for certain markets), which auto-compound.

Who Are the Founders of Spell Token?

Abracadabra is not an official [decentralized autonomous organization](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao) (DAO) but is instead governed through a Snapshot page. MIM are minted through a 6/10 [multisignature](https://coinmarketcap.com/alexandria/glossary/multisignature) contract composed of the following partially pseudonymous users: * [Poolpi](https://twitter.com/poolpitako) – [yearn.finance](https://coinmarketcap.com/currencies/yearn-finance/) (YFI) * [Leo Cheng](https://twitter.com/leokcheng) – [Cream Finance](https://coinmarketcap.com/currencies/cream-finance/) (CREAM) * [Michael](https://twitter.com/leokcheng) – [Curve DAO Token](https://coinmarketcap.com/currencies/curve-dao-token/) (CRV) * [Julien](https://twitter.com/bneiluj) – [Stake DAO](https://coinmarketcap.com/currencies/stake-dao/) (SDT) * [C2tp](https://twitter.com/C2tP) – [Convex Finance](https://coinmarketcap.com/currencies/convex-finance/) (CVX) * [Sifu](https://etherscan.io/address/0x5dd596c901987a2b28c38a9c1dfbf86fffc15d77) – [Wonderland](https://coinmarketcap.com/currencies/wonderland/) (TIME) * [Georgiy](https://twitter.com/GeorgiyXo) – Abracadabra and [Popsicle Finance](https://coinmarketcap.com/currencies/popsicle-finance/) (ICE) * [0xmerlin](https://twitter.com/0xM3rlin) – Abracadabra * [Danielesesta](https://twitter.com/danielesesta) – Abracadabra, TIME and ICE * Squirrel – Abracadabra and ICE

What Is Spell Token (SPELL)?

[Spell Token](https://coinmarketcap.com/currencies/spell-token/) (SPELL) is a reward [token](https://coinmarketcap.com/alexandria/glossary/token) associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged [stablecoin](https://coinmarketcap.com/alexandria/glossary/stablecoin) called [Magic Internet Money](https://coinmarketcap.com/currencies/magic-internet-money/) (MIM). Abracadabra uses the Kashi Lending Technology pioneered by [SushiSwap](https://coinmarketcap.com/currencies/sushiswap/) (SUSHI) to provide isolated lending markets that allow users to adjust their risk tolerance according to the collateral they decide to use. Users can deposit collateral and borrow MIM against it. Abracadabra also offers [yield farming](https://coinmarketcap.com/alexandria/glossary/yield-farming) opportunities, where users can [stake](https://coinmarketcap.com/alexandria/glossary/staking) their liquidity provider (LP) tokens to farm SPELL. This facilitates better liquidity for certain cryptocurrency pairs, currently [Ether](https://coinmarketcap.com/currencies/ethereum/) (ETH)-Spell Token (SPELL) and [Magic Internet Money](https://coinmarketcap.com/currencies/magic-internet-money/) (MIM)-[LP 3pool Curve](https://coinmarketcap.com/currencies/lp-3pool-curve/) (3CRV). Furthermore, users can also open [leveraged](https://coinmarketcap.com/alexandria/glossary/leverage) farming positions using borrowed MIM from their interest-bearing collateral.

Spell Token News

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