Depeg event
MAI Depeg, June 24, 2026: 19.2% Below Peg
Detected under v6.094 · confirmed via defillama-confirm+dex:cg_onchain+dex:direct_api
MAI moved below peg at 15:05 UTC on June 24, 2026, with a peak deviation of 19.2% at $0.8082. Recovered after 1.8 days at 09:18 UTC at $0.9899.
The checked-in price path starts at $0.9897 against a recorded peg reference of $0.9998. Pharos captured the incident through live monitoring and evaluates it under v6.094. Confirmation evidence is recorded as “defillama-confirm+dex:cg_onchain+dex:direct_api”. The source row also retains the quality flag “low-confidence”. Its recorded close reason is “recovered-primary”. The record reports the observed price path and resolution state without inferring a cause from those measurements.
Event summary
- Direction
- below peg
- Peak deviation
- 19.2%
- Started
- June 24, 2026
- Recovered
- June 26, 2026
- Outcome
- Recovered
- Duration
- 1.8 days
- Peg reference
- $0.9998
- Start price
- $0.9897
- Peak price
- $0.8082
- Recovery price
- $0.9899
Related incidents
Other recent US Dollar depegs
Other Crypto CDP incidents
Stablecoin
MAI (MAI) →QiDao's MAI is overcollateralized, minted against crypto vaults; Base and Polygon are only live chains after legacy wind-down, with persistent sub-$1 trading.
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