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Pharos

Depeg event

CGO Depeg, February 2, 2026 at 06:00 UTC: 5.25% Below Peg

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

CGO moved below peg at 06:00 UTC on February 2, 2026, with a peak deviation of 5.25% at $144.41. Recovered after 4.0 hr at 10:00 UTC at $151.26.

The checked-in price path starts at $146.79 against a recorded peg reference of $152.16. 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
below peg
Peak deviation
5.25%
Started
February 2, 2026 at 06:00 UTC
Recovered
February 2, 2026 at 10:00 UTC
Outcome
Recovered
Duration
4.0 hr
Peg reference
$152.16
Start price
$146.79
Peak price
$144.41
Recovery price
$151.26

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Methodology pin: v1.0 changelog