GameFi is "compressing power": These 4 tokens could x2-x3 in August.

The crypto gaming segment may not have truly become the center of attention yet, but right now is the time for traders to start paying close attention. The market capitalization of GameFi is currently around 12.1 billion USD, falling 4% in the past 24 hours. However, in this context, some prominent game tokens are sending early signals about the potential for a breakout in August.

From the decline in reserves on exchanges, the accumulation move from whales to important technical areas, 4 tokens FLOKI, MAGIC, RNDR, and BEAM are becoming noteworthy.

Floki (FLOKI) – Strong accumulation signal, waiting for breakout

Floki – a meme-inspired coin that has gone beyond the role of a "fun coin" – is becoming one of the most notable metaverse & GameFi projects. The ecosystem of FLOKI currently includes FlokiFi Locker and the metaverse Valhalla, making it completely different from most other meme coins that lack a practical foundation.

August begins with the strongest on-chain setup among game tokens, even though the price of FLOKI has fallen 12% in the past week.

According to data from Nansen, the top 100 wallets have significantly increased their holdings of FLOKI over the past 30 days, while reserves on exchanges have decreased by 4.52%, now standing at approximately 2.14 trillion FLOKI. This means nearly 96.8 billion tokens have been withdrawn from exchanges – a very clear accumulation signal.

FLOKI is attracting the attention of whales | Source: NansenAlthough the amount of "smart money" has slightly fallen, the holding ratio of whales has increased to over 17%, reinforcing the confidence from large investors.

On the price chart, FLOKI is currently trading around $0.0001, after bouncing back from the support zone of $0.000098. If $0.00011 (Fib 0.236) is broken, the next target will be $0.00012, before challenging the peak zone of $0.00015 and further $0.00019 if the market trend is favorable.

Conversely, if it breaks $0.000098, the short-term bullish outlook may be invalidated.

FLOKI Price Chart | Source: TradingViewOverall, FLOKI is in a balanced position between the buying power from whales and the decreasing selling pressure, opening up the opportunity for a breakout if it breaks through important resistance levels in August.

MAGIC – "Magic" GameFi on Arbitrum

MAGIC is the central token of the Treasure ecosystem – a decentralized crypto gaming hub built on Arbitrum, serving as a liquidity layer connecting metaverse assets across multiple games and NFT projects, laying the foundation for a highly interactive GameFi ecosystem.

Notably, MAGIC is the only GameFi token on this list that has recorded growth over the past 7 days — +57.4% compared to the previous week, indicating that the buying side is still dominant. Despite a strong breakout in July, the upward momentum of MAGIC in August remains significantly robust.

According to data from Nansen, reserves on the exchange continue to fall, and this decline is directly linked to the price increase, reinforcing the view that the upward momentum comes from the influx of spot buying capital. This also reflects the expectation that the "miracle" from MAGIC has not yet stopped.

Token MAGIC has witnessed a flow of funds leaving the exchange | Source: NansenThe Bull-Bear Power index (BBP) currently stands at +0.1585, surging after a long period of weakness, indicating that demand is clearly improving even as prices adjust. Notably, despite prices stabilizing after the surge, buyers still control the game.

The bulls are currently controlling MAGIC | Source: TradingViewTechnically, MAGIC has just surpassed the Fibonacci level of 1.618 at $0.27 but quickly encountered resistance. If this level is decisively broken, the upward momentum could extend to $0.36 or higher according to the Fibonacci retracement levels. On the downside, $0.22 serves as an important short-term support, and the uptrend will remain intact as long as $0.17 is not breached.

MAGIC Price Chart | Source: TradingViewOverall, MAGIC is in the hands of the buyers, with a positive technical structure and supporting on-chain capital flow, making it a strong candidate for the next increase in the GameFi token sector.

RENDER – "Compressing force" in the wedge model, waiting for the breakout

Render is a platform that allows users to share unused GPU power to serve rendering tasks, paving the way for various AI applications, the metaverse, and GameFi. The RNDR token serves as a payment medium and governance tool throughout the network.

Despite a fall of 11.42% in the past week, currently trading at $3.52, the RENDER token still shows potential for a breakout in August.

According to data from Nansen, the holdings of whales have increased significantly, not only in the top wallet group but also in a broader range. Reserves on exchanges continue to fall, indicating that the immediate selling pressure is cooling off, while also reflecting the accumulation process off the exchanges.

Source: NansenOn the technical chart, RENDER is moving within a symmetrical wedge pattern, after bouncing from support at $3.34. If it breaks above $3.83 (Fib 0.236), the price could head towards the $4.39–$4.62 range, and a breakout from this pattern could pave the way to $4.98 – $5.43 – even $6.72.

On the contrary, if it breaks $3.34, the bullish structure will be invalidated, pulling RENDER into a downtrend.

Price chart of RENDER | Source: TradingViewThe Bull-Bear Power index (BBP) is currently still negative at -0.353, but is gradually improving. If this trend continues, RENDER could quickly become a breakout candidate for August.

BEAM – The Silent "Puzzle Piece" in the GameFi Season

BEAM is a game chain module belonging to the Merit Circle ecosystem, focusing on supporting developers and promoting the in-game economy. Although it is less mentioned compared to larger tokens, BEAM is quietly benefiting from the growing interest in the altcoin market.

According to Nansen data, whales have increased their BEAM reserves by 2.94% over the past three months. At the same time, Smart Money and the top 100 wallets have also increased their holdings, while reserves on exchanges have decreased by nearly 9%, reducing selling pressure and indicating an accumulation move.

BEAM witnessed a flow of funds out of the exchange | Source: NansenCurrently, BEAM is trading around $0.0067, falling 12% this week but still holding above the support zone of $0.0063. If it regains $0.0070 (Fib 0.236), the token could target $0.0081 and $0.0092 in the short term, with little significant technical resistance at those levels. However, if it breaks below $0.0063, the bullish scenario will be invalidated.

BEAM Price Chart | Source: TradingViewAlthough the whale capital flow is not as strong as FLOKI or MAGIC, the recent recovery model and accumulation behavior have made BEAM one of the tokens worth watching, especially as GameFi returns to market attention.

Taylor