Abracadabra’s SPELL Token Faces Existential Crisis: Why Three Major Exploits and 60% Annual Inflation Matter

Abracadabra.money’s SPELL token has collapsed to all-time lows amid three major smart contract exploits totaling $21 million, 59.68% annual inflation, and a catastrophic 99.8% TVL decline. An analysis of why this DeFi governance token faces structural problems that threaten protocol viability.