
Spell Token Price (SPELL)
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Investment Risk
Market stats
Spell Token is on the decline this week. ↘
The price of Spell Token has decreased by 0.22% in the last hour and increased by 0.09% in the past 24 hours. Spell Token’s price has also fallen by 0.50% in the past week. The current price is £0.000334 per SPELL with a 24-hour trading volume of £4.10M. Currently, Spell Token is valued at 99.04% below its all time high of £0.0349. This all-time high was the highest price paid for Spell Token since its launch.
The current circulating supply of Spell Token is 163,289,942,542.936 SPELL which means that Spell Token has as total market cap of £54,513,339.60.
Overall
Market cap
£54,513,339.60
Popularity
#402
Circulating
£163,289,942,542.94
Max Supply
Not enough data
Hold time
Not enough data
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Price & Volume changes
Volume (24h)
£4,095,603.82
↘ 63.65%
Volume (30D)
£201,712,205.99
Volume (7D)
£40,339,189.61
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
About Spell Token
SPELL is an Ethereum token that governs Abracadabra.money, a platform that lets users deposit collateral in the form of interest-bearing crypto assets (such as yvYFI, yvUSDT, yvUSDC, xSUSHI) in order to mint MIM, a stablecoin that attempts to maintain a value of US$1.00. SPELL can be staked to earn sSPELL, which grants governance rights and other rewards.
Spell Token launched on Coinbase on December 8, 2021 at 9:35 PM
Additional info about Spell Token
Networks and tags
defi
defi-2
protocol-owned-liquidity
binance-listing
FAQ
Spell Token (SPELL) is a reward token associated with Abracadabra.money, a lending platform that utilizes interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin known as Magic Internet Money (MIM). The platform employs Kashi Lending Technology, which allows for isolated lending markets, enabling users to adjust their risk tolerance based on the collateral they choose to use. Users can deposit collateral and borrow MIM against it. Additionally, Abracadabra provides yield farming opportunities where users can stake their liquidity provider (LP) tokens to farm SPELL, aiming to enhance liquidity for certain cryptocurrency pairs.
Spell Token operates within the Abracadabra.money platform, where it serves as a reward token. Users can stake their LP tokens to farm SPELL, which in turn aims to improve liquidity for specific cryptocurrency pairs. The platform's unique feature is its use of Kashi Lending Technology, which allows for isolated lending markets. This means that the risk is not shared collectively; if a currency pair loses its liquidity or if something happens to the smart contract, only that pair is affected, not the entire platform. SPELL can also be staked, and staked tokens may receive a share of the platform fees, which auto-compound.
The primary use case for Spell Token is within the Abracadabra.money platform, where it serves as a reward token. Users can stake their LP tokens to farm SPELL, thereby aiming to enhance liquidity for certain cryptocurrency pairs. SPELL can also be staked, and staked tokens may receive a share of the platform fees, which auto-compound. This mechanism seeks to encourage user participation and engagement within the platform. Furthermore, SPELL is used as a governance token, potentially providing users with voting power proportional to their staked amount.
Spell Token is associated with Abracadabra.money, a lending platform that uses interest-bearing tokens as collateral to borrow a USD-pegged stablecoin. Abracadabra is not an official decentralized autonomous organization (DAO) but is governed through a Snapshot page. The platform uses the Kashi Lending Technology pioneered by SushiSwap to provide isolated lending markets. The total supply of Spell Token was 210 billion, with 210 billion having been removed after token generation. The token distribution was as follows: 63% was allocated for global farming incentives, 30% for team allocation (with a 4-year schedule), and 7% for the initial DEX distribution.
We update our Spell Token to GBP currency in real-time. Get the live price of Spell Token on Coinbase.
The current market cap of Spell Token is £54.51M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Spell Token is £0.0349. This all-time high is highest price paid for Spell Token since it was launched.
Over the last 24 hours, the trading volume of Spell Token is £4.10M.
Assets that have a similar market cap to Spell Token include Osaka Protocol, Orbs, Acet, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Spell Token is 163 billion.
Spell Token ranks 71 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 94% of Coinbase users are buying Spell Token. In other words, 94% of Coinbase customers have increased their net position in Spell Token over the past 24 hours through trading.
Yes, Spell Token is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Spell Token guide.
Spell Token Price History
Date | Price | Change |
---|---|---|
Today (July 6, 2025) | £0.000334 | +0.09% |
24 hours ago (July 5, 2025) | £0.000333 | +0.09% |
1 week ago (June 29, 2025) | £0.000338 | -0.50% |
1 month ago (June 6, 2025) | £0.000386 | -12.66% |
1 year ago | £0.000463 | -23.23% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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