What Magic Hash coordinates
Magic Hash (MHA) is an AI / DePIN infrastructure token, currently ranked 505th by market capitalization among the assets we track. Rather than a payments coin, Magic Hash is the settlement and incentive layer for a distributed infrastructure network. The token's job is to bootstrap supply of a useful resource and pay for its consumption.
How the network bootstraps supply and demand
Value accrues when the underlying resource is genuinely useful and paid for. The risk is a network that looks busy on emissions alone, with token rewards outrunning real consumption.
Background & fundamentals
In sector terms it is most often filed under Binance Coin (BNB) Token (BEP-20), DePIN, and Mobile Mining.
Where Magic Hash sits in the market
At $0.00503061, Magic Hash carries a market capitalization of $664.67K. Around $2.14M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 321.83% of the float — unusually high, the kind of churn that accompanies major news or speculative spikes.
Almost the entire MHA supply is already in circulation (~100.0% of the 10B cap), so future dilution is effectively off the table. The token is roughly -48% under its record of $0.00965643 — a meaningful but not catastrophic drawdown.
What the price history shows
The tape currently reads 24-hour +1.63%, 7-day +16.50%, 30-day +3.87%.
Volatility profile
Recent action puts Magic Hash in the High-volatility band — it has been actively trading, with daily moves that would be unusual in traditional equities. Over the last 30 days the move totals +3.87%, a useful input for stop placement and position sizing.
How to evaluate an AI/DePIN token like Magic Hash
The honest checklist for MHA is short:
- Real demand — paying usage of the network's resource, not just provider rewards funded by MHA emissions.
- Supply growth — how much real-world or compute capacity the network has actually brought online.
- Token economics — whether MHA demand can outgrow the incentives the protocol pays to bootstrap it.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.