Market Cap: $3.4391T 4.130%
Volume(24h): $122.6091B 38.090%
  • Market Cap: $3.4391T 4.130%
  • Volume(24h): $122.6091B 38.090%
  • Fear & Greed Index:
  • Market Cap: $3.4391T 4.130%
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Spell Token
Spell Token SPELL
#394
$
%(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

55.74%(1d)

Volume(24h)

$6.01M

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

Turnover rate

6.79%

Market Cap

$88.482M

FDV

$106.8M

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
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Community sentiment

26%

74%

Bullish

Bearish

Letsbonk.Fun

Jun 10, 2025 at 09:03 am

READ MORE
Yes❗️❗️❗️ We are now moving from 35% to 50% of our revenue to buy back and burn $BONK. More fees, more BONK, more burn LetsBONKfun

From Twitter

EliteOptionsTrader

Jun 10, 2025 at 08:45 am

READ MORE
TRADE PLAN for Tuesday 📈 $SPX closed above 6000 for 2 consecutive days. SPX through 6017 can run to 6051+ next. SPX June 10 6050C is best above 6017 tomorrow $TSLA reclaimed 300 today after dipping near 282. TSLA can run to 325 if it holds 309 this week TSLA 325C can work

From Twitter

Marcell

Jun 10, 2025 at 08:05 am

READ MORE
27,000 soliders 1 Mask Will you fade the strongest cult in the space ? Will you fade the hardest PFP in crypto? Will you fade the best looking chart on solana? Will you miss the opportunity on making generational wealth? Did you miss $WIF? Did you miss $POPCAT? DId you

From Twitter

IncomeSharks

Jun 10, 2025 at 07:21 am

READ MORE
There's a lot of quality projects with slow or flat price action and lower quality ones are running hot. No one says you can't chase the garbage, ride it up, then return back to your blue chip plays with more size. This is how people use to accumulate $BTC with altcoins.

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.

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