MAGIC’s 40% surge in 24 hours has surprised merchants, with Treasure DAO’s AI agent rollout driving recent demand. Because the spine of a rising NFT gaming ecosystem, the token’s rally may simply be getting began.
In keeping with CoinMarketCap knowledge, Treasure (MAGIC), the utility token powering the Treasure Metaverse, surged over 40% on June 16, rocketing previous key resistance ranges as merchants piled into the Arbitrum-based gaming asset.
The MAGIC worth shot from a every day low of $0.112 to highs of $0.179 on Monday afternoon (Asian time) earlier than paring some good points to commerce at $0.15 on the time of writing. The token holds a market cap of $47.54 million, with a circulating provide of 306.99 million MAGIC out of a complete 347.68 million.
Why is MAGIC worth pumping?
The latest MAGIC worth explosion adopted a significant announcement from Treasure DAO introducing autonomous AI brokers designed to boost consumer expertise throughout Gigaverse and its NFT-driven gaming ecosystem.
The announcement, posted on Treasure’s official X account on June 12, seems to have reignited bullish momentum for the token, which had been consolidating for days beneath the $0.11 resistance degree.
https://twitter.com/Treasure_DAO/standing/1933219001741824454
One other key catalyst probably fueling MAGIC’s rally was Treasure DAO’s June 14 replace, which revealed the launch of an “Emotion System” for its NFT AI brokers. These brokers can now specific dynamic emotional states—akin to happiness, unhappiness, or anger—immediately throughout the in-game chat interface, including a human-like layer of interplay that deepens participant immersion.
The replace additionally included beta entry for Gigaverse fishing and new assist for the Below Haul Dungeon, signaling that the Treasure ecosystem isn’t simply evolving, it’s transport quick. For market watchers, which means MAGIC isn’t simply reacting to hype.
The token is gaining momentum from actual ecosystem growth, deeper utility, and an evolving use case that would set the tone for future GameFi infrastructure.
Regardless of the latest rally, MAGIC continues to be buying and selling 97.55% beneath its all-time excessive of $6.32, set in February 2022. Nevertheless, it has rebounded a formidable 139% from its April 2025 low of $0.06488, signaling a possible pattern reversal as curiosity in AI-enhanced GameFi reignites.
For merchants, this presents each alternative and warning: whereas the AI-driven momentum and increasing utility sign renewed confidence, MAGIC’s deep bear market low cost means volatility will stay excessive.
If Treasure DAO continues delivering on its roadmap—mixing AI, gaming, and decentralized finance, MAGIC’s worth might carve out a sustainable restoration. However in a market nonetheless skeptical of metaverse tokens, the trail ahead will hinge on actual adoption, not simply hype. For now, one factor is obvious: MAGIC is again on the radar.
