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Pharos

Depeg event

CGO Depeg, January 29, 2026 at 18:00 UTC: 6.63% Above Peg

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

CGO moved above peg at 18:00 UTC on January 29, 2026, with a peak deviation of 6.63% at $174.76. Recovered after 16.0 hr at 10:00 UTC at $161.10.

The checked-in price path starts at $170.71 against a recorded peg reference of $166.77. 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
6.63%
Started
January 29, 2026 at 18:00 UTC
Recovered
January 30, 2026 at 10:00 UTC
Outcome
Recovered
Duration
16.0 hr
Peg reference
$166.77
Start price
$170.71
Peak price
$174.76
Recovery price
$161.10

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Methodology pin: v1.0 changelog