
Spell Token Prediction
About Spell Token (SPELL)
Spell Token (SPELL) is the governance and utility token for Abracadabra.money, a DeFi lending protocol that allows users to borrow MIM stablecoin against interest-bearing collateral. Currently trading at $0.000184 with a $31.6M market cap, the token suffers from severe supply concentration (84% held by top 10 wallets) and declining holder base. While the protocol has legitimate DeFi utility, extremely low trading activity and liquidity present significant challenges for price appreciation.
Current price: $0.000184
Market cap: $31.61M
Liquidity: $252.89K
Holders: 35.7K
Spell Token Price Prediction
SPELL shows minimal price movement with only 0.37% gain over 24 hours and flat action in the last hour. The 72.8% buy pressure is encouraging but extremely low transaction volume (25 total trades in 24h) limits price discovery and momentum potential.
Persistent holder decline (-279 holders in 30 days, -0.79%) signals waning interest in the Abracadabra ecosystem. Without significant protocol developments or DeFi sector recovery, SPELL faces continued pressure from holder attrition and concentrated supply dynamics.