Magacoin Finance Nears $16.5 Million Presale as Auditors Verify Smart Contracts
Audit verification is driving presale traction during a volatile, ETF-supported market.
Overview
- Multiple reports say the presale is approaching a $16.5 million milestone, though investor counts vary across coverage from roughly 14,000 to about 20,000.
- Project materials and articles state Hashex has verified the smart contracts, with a CertiK review or audit referenced but not uniformly detailed with primary documentation.
- The token’s visibility is rising as analysts at crypto outlets place it on lists of top altcoins to watch during a rotation away from majors.
- The broader backdrop features a sharp early-October pullback with roughly $19 billion in liquidations, even as spot BTC and ETH ETFs continue to attract significant inflows, including about $621 million into ETH in early October.
- Some articles promote outsized upside such as 100x returns and near-term listings, which are presented as speculative predictions rather than verified facts.