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Mildly irradiated mini-Neptunes have densities potentially consistent with them hosting substantial liquid-water oceans (“Hycean” planets). The presence of CO _2 and simultaneous absence of ammonia (NH _3 ) in their atmospheres has been proposed as a fingerprint of such worlds. JWST observations of K2-18b, the archetypal Hycean, have found the presence of CO _2 and the depletion of NH _3 to <100 ppm; hence, it has been inferred that this planet may host liquid-water oceans. In contrast, climate modeling suggests that many of these mini-Neptunes, including K2-18b, may likely be too hot to host liquid water. We propose a solution to this discrepancy between observation and climate modeling by investigating the effect of a magma ocean on the atmospheric chemistry of mini-Neptunes. We demonstrate that atmospheric NH _3 depletion is a natural consequence of the high solubility of nitrogen species in magma at reducing conditions; precisely the conditions prevailing where a thick hydrogen envelope is in communication with a molten planetary surface. The magma ocean model reproduces the present JWST spectrum of K2-18b to ≲3 σ , suggesting this is as credible an explanation for current observations as the planet hosting a liquid-water ocean. Spectral areas that could be used to rule out the magma ocean model include the >4 μ m region, where CO _2 and CO features dominate: magma ocean models suggest a systematically lower CO _2 /CO ratio than estimated from free-chemistry retrieval, indicating that deeper observations of this spectral region may be able to distinguish between oceans of liquid water and magma on mini-Neptunes.