Historical replay · MAGIC/USD
MAGIC's One-Hour Collapse: −22% in a Single 15-Minute Candle (October 10, 2026)
On the morning of October 10, 2026, Treasure's MAGIC token sat calmly near its two-day high of $0.16, then lost 39% in under an hour, with one fifteen-minute candle falling 22.5%. Relive the moment a fresh rally's floor gave way.
Treasure's MAGIC is a gaming token that had just more than doubled: from $0.0665 at the start of October 9 to a peak of $0.1639 at 03:00 UTC on October 10, in a run built on three waves of buying. After the peak, it settled into a tight band between about $0.150 and $0.162, and that's where this replay begins.
For the first hour, nothing suggests trouble. The 06:00-06:45 UTC candles move about 1% or less each, on $300,000-$700,000 of volume, and the 06:45 UTC candle even closes slightly higher at $0.1596. The first crack is the 07:00 UTC candle: −4.0% to $0.1531, on modestly higher volume.
Then the floor disappears. The 07:15 UTC candle falls 8.0% to $0.141 on $4.65 million — five times the previous candle. The 07:30 UTC candle is the collapse: −22.5%, from $0.1431 to as low as $0.1069, closing at $0.1093. The 07:45 UTC candle briefly reaches $0.098, 40% below the peak, before buyers step in and close it at $0.1137. Those three candles traded almost $15 million between them, more than the entire first wave of the rally.
Watch the next two hours. MAGIC bounces only weakly, failing to get back above $0.115, and drifts between about $0.102 and $0.111. A sudden drop like this happens when most holders bought within the past few hours: there are no earlier buyers at nearby prices to absorb selling, so once stop-losses and profit-taking start, the price falls through levels it barely spent any time at on the way up. MAGIC closed the day at $0.0976, down 20.65%.