MAGMA jumped 49% on confirmed PropAMM launch. Here are the verified facts.

Magma Finance's 2.0 upgrade went live - a propAMM blending off-chain quotes with on-chain settlement. The market responded with a 49% rally.

Uploading: 187685 of 187685 bytes uploaded.


What's confirmed:

  • PropAMM is live (official @Magma_Finance posts)

  • Zellic + MoveBit + Three Sigma audits completed

  • Contracts are immutable (no upgrades possible)

  • No mint function exists (supply fixed at 1B)

  • Buy volume: 12,642 buys vs 10,872 sells (organic ratio)

Supply structure:

  • Total supply: 1,000,000,000 MAGMA

  • Circulating (CoinGecko): 190,000,000 MAGMA

  • Top 3 wallets combined: 810,000,000 (81%)

  • All 3 wallets: 1 transaction each, 94 days ago, identical gas fees

  • None have moved to exchange addresses

Slippage test (Birdeye):

  • $1,000 buy: <0.01% impact

  • $10,000 buy: 0.77% impact

  • $100,000 buy: ~5% impact

What's not published:

  • No official tokenomics allocation table

  • No vesting schedule disclosed

  • No unlock tracker listing (Tokenomist)

Context:

  • TVL: $2.02M (down from $33M peak Nov 2025)

  • Current daily fees: $133

  • Roadmap: Final audits ongoing for Q2-Q3 2026

The upgrade is confirmed. The concentration is visible on-chain. The timeline is clear. Readers can assess the risk themselves.

Full data: cryptonewslive.org/article/magma-jumped-49-on-a-confirmed-propamm-launch

Not financial advice. Always DYOR.

#MAGMA #Sui #DeFi #CryptoAnalysis #OnChainData

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