MAGMA recently performed remarkably well, with a single-day increase of 20.65%, driven by multiple positive news factors.

The most notable is that Magma Finance on the Sui chain received $6 million in funding support, which will be used to enhance the capital efficiency of its liquidity protocol. As a on-chain liquidity solution, this institutional innovation has attracted considerable attention.

The MAG token within the XRP ecosystem has also been active, completing daily buyback and burn mechanisms, with the latest round totaling $25,000. This continuous token destruction strategy, combined with ecosystem benefits, has steadily increased the price by about 40%, and the community is full of expectations for a bull market in 2025.

Market sentiment is also very positive—about 90% of community feedback is favorable. New tokens have been verified and launched on the platform, validator collaborations are ongoing, and engagement and likes remain high, with FOMO sentiment clearly rising.

From a short-term trading perspective, there are still opportunities to go long on the MAGMA contract, with an expected increase of 20-30%. But don’t forget to set stop-loss orders, as volatility risks still need to be managed.