The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
Research, not financial advice. Read the terms.
About MAGA Bitcoin
Analysis of 22 May 2026MAGA Bitcoin (MBTC) is an ERC-20 PolitiFi meme token tied to the MAGABIT Bitcoin mining brand, trading primarily on Ethereum and Base chain DEXes. Despite the name, MBTC has no technical connection to Bitcoin and does not share its network or consensus mechanism.
Full overviewShow less
The token has a fixed supply of 1.5 billion MBTC with approximately 1.1 billion in circulation. In May 2026, MBTC underwent a contract migration, dropping to an all-time low of $0.01786 before surging 237% in a single day to reach $0.17 and a market cap near $192 million.
Over 91% of trading volume flows through Aerodrome on Base, making it highly concentrated. The project lacks a whitepaper, disclosed team, or governance framework, positioning it purely as a speculative political meme coin.
