MAGIC, the native token of the Treasure gaming ecosystem, held a gain of roughly 40% over the past 24 hours, trading near $0.136 in the early hours of Monday, October 12, 2026, even as the wider cryptocurrency market moved sideways.

The token's advance stood out against a muted session. Bitcoin held above $84,000 into the early hours of Monday with a 24-hour gain of just 0.82%, while the aggregate crypto market capitalization slipped 0.3% to approximately $2.894 trillion. Against those benchmarks, MAGIC's roughly 40% move ran nearly 39 percentage points ahead of Bitcoin's and in the opposite direction of the total market. That divergence placed the rally outside the market-wide trend and, with neither benchmark offering broad momentum, left the token's own dynamics as the immediate focus for observers. The source reporting did not attribute the advance to a specific catalyst.

About MAGIC

MAGIC is the utility token of Treasure, a community-driven gaming and metaverse ecosystem that launched in 2021 and was initially built on the Arbitrum network, an Ethereum layer-2. The project grew out of an NFT experiment into a multi-title gaming ecosystem, with MAGIC serving as the shared currency across Treasure's core games, marketplace activity, and partner projects — a structure that ties day-to-day token usage to activity spanning multiple titles and marketplaces rather than any single application.

At the time of writing, MAGIC was changing hands near $0.136, a daily gain of approximately 40%, according to COINOTAG.

This content was first published on COINOTAG: https://en.coinotag.com/magic-holds-40-percent-daily-gain-near-0136