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Depeg event

MAI Depeg, July 27, 2026: 19.2% Below Peg

Detected under v6.098 · confirmed via temporal:15m+dex:cg_onchain+dex:direct_api

MAI moved below peg at 22:16 UTC on July 27, 2026, with a peak deviation of 19.2% at $0.8082. The event remains ongoing.

The checked-in price path starts at $0.9637 against a recorded peg reference of $0.9999. Pharos captured the incident through live monitoring and evaluates it under v6.098. Confirmation evidence is recorded as “temporal:15m+dex:cg_onchain+dex:direct_api”. The source row also retains the quality flag “confirmation-window+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
19.2%
Started
July 27, 2026
Ended
Ongoing
Outcome
Ongoing
Duration
—
Peg reference
$0.9999
Start price
$0.9637
Peak price
$0.8082

Related 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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Methodology pin: v6.098 changelog