Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide
CryptoGames0% through historical range
13.10% above ATL and 99.77% below ATH
Showing 10 spot markets sorted by CoinMarketCap exchange rank. Markets excluded from CMC price or volume calculations are hidden.
| Pair | |||||
|---|---|---|---|---|---|
| 1 | SPELL/TRY | $0.00018 | $301.7K | 608 | |
| 2 | SPELL/USDT | $0.00018 | $297.28K | 645 | |
| 3 | SPELL/USD | $0.00018 | $33.92K | 451 | |
| 4 | SPELL/USDT | $0.00018 | $4.01K | 162 | |
| 5 | SPELL/USDT | $0.00018 | $4.53K | 362 | |
| 6 | Curve (Ethereum) | SPELL/WETH | $0.00017 | $16 | 17 |
| 7 | SPELL/USDT | $0.00018 | $57.2K | 416 | |
| 8 | SPELL/USDT | $0.00018 | $278.96K | 72 | |
| 9 | SPELL/USD | $0.00018 | $1.04K | 238 | |
| 10 | BingX | SPELL/USDT | $0.00018 | $76.74K | 409 |
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Spell Token (SPELL) is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). Abracadabra uses the Kashi Lending Technology pioneered by SushiSwap (SUSHI) to provide isolated lending markets that allow users to adjust their risk tolerance according to the collateral they decide to use. Users can deposit collateral and borrow MIM against it.
Abracadabra also offers yield farming opportunities, where users can stake their liquidity provider (LP) tokens to farm SPELL. This facilitates better liquidity for certain cryptocurrency pairs, currently Ether (ETH)-Spell Token (SPELL) and Magic Internet Money (MIM)-LP 3pool Curve (3CRV). Furthermore, users can also open leveraged farming positions using borrowed MIM from their interest-bearing collateral.
As of May 13, 2026, Spell Token trades at $0.000174.
Spell Token has a market capitalization of $29,797,991.20.
Spell Token has a 24-hour trading volume of $2,802,263.42.
Spell Token reached an all-time high of $0.075, recorded on Nov 16, 2021. It is currently 99.77% below its all-time high.
Spell Token recorded an all-time low of $0.000154, recorded on Apr 7, 2026. It is currently 13.10% above its all-time low.