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Spell Token

SPELL

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Market

Market stats

Market cap

$66.1M

Volume (24h)

$8.5M

Circulating supply

107.4B SPELL

Typical hold time

75 days

Popularity

#489

All time high

$0.0349

Price change (1h)

+1.43%

Price change (24h)

-2.93%

Price change (7d)

+7.1%

About Spell Token

SPELL is an Ethereum token that governs Abracadabra.money, a platform that lets users deposit collateral in the form of interest-bearing crypto assets (such as yvYFI, yvUSDT, yvUSDC, xSUSHI) in order to mint MIM, a stablecoin that attempts to maintain a value of US$1.00. SPELL can be staked to earn sSPELL, which grants governance rights and other rewards.

Spell Token (SPELL) is a reward token associated with Abracadabra.money, a lending platform that utilizes interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin known as Magic Internet Money (MIM). The platform employs Kashi Lending Technology, which allows for isolated lending markets, enabling users to adjust their risk tolerance based on the collateral they choose to use. Users can deposit collateral and borrow MIM against it. Additionally, Abracadabra provides yield farming opportunities where users can stake their liquidity provider (LP) tokens to farm SPELL, aiming to enhance liquidity for certain cryptocurrency pairs.

News about Spell Token

DL News • Feb 20, 24

VanEck on wild HODL spike: ‘what you’d want from an ETF’

Bitcoin exchange-traded funds show no signs of slowing down after record inflows over the past week.

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Skale Blog • Feb 20, 24

GPTVerse and SKALE Network Partner to Pioneer a New Era of AI and Blockchain Integration

Discover how GPTVerse's partnership with SKALE Network is transforming AI and blockchain integration, enabling seamless experiences without gas fees.

Read more

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BeInCrypto • Feb 20, 24

Optimism Unveils New Airdrop as OP Price Targets $5.70

Optimism's latest airdrop distributes 10M OP tokens to artists and creators, acknowledging their role in the Superchain's culture. This initiative emphasizes NFT engagement and supports the ecosystem's collaborative and creative growth.The post Optimism Unveils New Airdrop as OP Price Targets $5....

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The Defiant • Feb 20, 24

Gearbox’s Leveraged Re-Staking Trade Attracts Over 2,600 ETH in One Day

The cap on EtherFi liquid re-staking tokens has been filled but Gearbox is hinting Renzo's LRTs will be added next.

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Unchained • Feb 20, 24

Optimism’s Fourth Airdrop Recognizes NFT Creators in the Ethereum Ecosystem

Optimism, a Layer 2 scaling solution for Ethereum, has announced its fourth airdrop, this one uniquely focused on NFT artists and creators within the Ethereum ecosystem. This airdrop aims to acknowledge the creative contributions that NFT artists have made to the Optimism Collective and the broad...

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Unchained • Feb 20, 24

VanEck and WisdomTree’s Spot Bitcoin ETFs See Massive Uptick in Trading Volumes

Two spot bitcoin ETFs, the VanEck Bitcoin Trust (HODL) and WisdomTree Bitcoin Fund (BTCW), have seen huge upticks in trading volume, data from the Bloomberg Terminal cited by ETF analyst Eric Balchunas shows.  On Tuesday, HODL’s daily trading volume exceeded $258 million, which is more than 14.5 ...

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Coinbase Bytes

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Spell Token is on the rise this week.

The price of Spell Token has increased by 1.43% in the last hour and decreased by 2.93% in the past 24 hours. Spell Token’s price has also risen by 7.10% in the past week. The current price is $0.000616 per SPELL with a 24-hour trading volume of $8.48M. Currently, Spell Token is valued at 98.24% below its all time high of $0.0349. This all-time high was the highest price paid for Spell Token since its launch.

The current circulating supply of Spell Token is 107,405,628,968.525 SPELL which means that Spell Token has as total market cap of 107,405,628,968.525.

FAQ

What is the current price of Spell Token?

We update our Spell Token to USD currency in real-time. Get the live price of Spell Token on Coinbase.

What is the market cap of Spell Token?

The current market cap of Spell Token is $66.07M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Spell Token?

The all-time high of Spell Token is $0.0349. This all-time high is highest price paid for Spell Token since it was launched.

What is the 24 hour trading volume of Spell Token?

Over the last 24 hours, the trading volume of Spell Token is $8.48M.

What other assets are similar to Spell Token?

Assets that have a similar market cap to Spell Token include Ren, Shido (New), Ozone Chain, and many others. To see a full list, see our comparable market cap assets.

How many Spell Token are there?

The current circulating supply of Spell Token is 107 billion.

What is the typical holding time of Spell Token?

The median time that Coinbase customers hold Spell Token before selling it or sending it to another account or address is 75 days.

What is the relative popularity of Spell Token?

Spell Token ranks 79 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Spell Token?

Currently, 94% of Coinbase users are buying Spell Token. In other words, 94% of Coinbase customers have increased their net position in Spell Token over the past 24 hours through trading.

Can I buy Spell Token on Coinbase?

Yes, Spell Token is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Spell Token guide.

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