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Depeg event

KAG Depeg, June 14, 2026: 7.29% Below Peg

Detected under v6.08 · confirmed via defillama-confirm+pool:bitmax:cg_tickers+pool:kinesis_money:cg_tickers

KAG moved below peg at 22:34 UTC on June 14, 2026, with a peak deviation of 7.29% at $64.84. Recovered after 7.3 hr at 05:48 UTC at $69.66.

The checked-in price path starts at $65.13 against a recorded peg reference of $69.94. Pharos captured the incident through live monitoring and evaluates it under v6.08. Confirmation evidence is recorded as “defillama-confirm+pool:bitmax:cg_tickers+pool:kinesis_money:cg_tickers”. The source row also retains the quality flag “low-confidence”. The record reports the observed price path and resolution state without inferring a cause from those measurements.

Event summary

Direction
below peg
Peak deviation
7.29%
Started
June 14, 2026
Recovered
June 15, 2026
Outcome
Recovered
Duration
7.3 hr
Peg reference
$69.94
Start price
$65.13
Peak price
$64.84
Recovery price
$69.66

Related incidents

Stablecoin

Kinesis Silver (KAG) →

Ethereum KAG is KMS Labs' silver-linked token, backed by native Kinesis KAG; physical redemption requires conversion, and reserve income stays with the issuer.

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Methodology pin: v6.08 changelog