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Pharos

Depeg event

CGO Depeg, January 29, 2026 at 02:00 UTC: 5.33% Above Peg

Detected under v1.0 · medium confidence · audit: confirmed

CGO moved above peg at 02:00 UTC on January 29, 2026, with a peak deviation of 5.33% at $177.68. Recovered after 14.0 hr at 16:00 UTC at $166.37.

The checked-in price path starts at $177.24 against a recorded peg reference of $174.48. Pharos captured the incident through a historical backfill and evaluates it under v1.0. The record reports the observed price path and resolution state without inferring a cause from those measurements.

Event summary

Direction
above peg
Peak deviation
5.33%
Started
January 29, 2026 at 02:00 UTC
Recovered
January 29, 2026 at 16:00 UTC
Outcome
Recovered
Duration
14.0 hr
Peg reference
$174.48
Start price
$177.24
Peak price
$177.68
Recovery price
$166.37

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Methodology pin: v1.0 changelog