Spell Token (SPELL)

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.

These are the closest matches to SPELL measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

• [CoinDesk] Wonderland DAO (TIME/MEM) CFO exposed as 0xSifu (Michael Patryn, QuadrigaCX co-founder) in Jan 2022, triggering SPELL collapselink dead, claim unverified
• [DeFiLlama] SPELL token is down 99.5% from ATH; Abracadabra TVL fell from $5B+ to ~$85M
• [CoinGecko] MIM stablecoin briefly depegged in 2022 and 2023; structural confidence never recovered

One source link above no longer resolves, so we stripped the hyperlink rather than leave something that looks like evidence until you click it. The claims stay visible because they are part of the research record, but treat them as unverified. Every link was rechecked 6 Aug 2026.

What is the Early Thunder score for Spell Token (SPELL)?

SPELL scores 63 out of 250 on the 25-variable framework, ranking 242nd of 251 rated tokens (bottom 10%). The framework verdict is PASS.

What are the weakest parts of the SPELL thesis?

SPELL scores in the bottom third of the universe on Smart Money Flows 1/10, 243rd of 251, Insider Selling 2/10, 242nd of 251, Institutional Adoption 1/10, 238th of 251 and Developer Activity 2/10, 238th of 251. The single risk carried on the scorecard is: Abracadabra was associated with 0xSifu/Wonderland fraud; MIM depegged in 2022; trust permanently damaged

How much SPELL supply is still to enter circulation?

81.7% of eventual SPELL supply is circulating today, leaving 1.22x the current float still to arrive. At a flat price per token that is 18.3% of fully diluted value ahead of current holders.

How far is SPELL from its all-time high?

SPELL trades 99.77% below its all-time high of $0.0351. Returning to that high requires a 434.8x move from the level used in this scoring pass.

Which tokens have a similar profile to SPELL?

Measured on the shape of all 25 scored variables rather than on price, the closest matches to SPELL are SUSHI (74), CVX (103), QTUM (61) and BAND (73). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.

What is the next catalyst for SPELL?

Abracadabra's GLP-collateralized MIM vaults finding yield-bearing collateral niches