Depeg event

Magic Internet Money depeg above peg — January 20, 2026

Detected under v1.0

Event summary

Direction: above peg
Peak deviation: 5.95%
Started: January 20, 2026
Ended: January 20, 2026
Duration: 2.0 hr
Peg reference: $1.00
Start price: $1.06
Peak price: $1.06
Recovery price: $0.9992

Related incidents

Other recent peggedUSD depegs

2026-07-06USDApeak 5.03% below peg
2026-06-26RUSDpeak 90.0% below peg
2026-06-24REUSDpeak 44.5% below peg

Other cdp incidents

2026-06-24MAIpeak 19.2% below peg
2026-06-21USXpeak 57.8% below peg

Stablecoin

Magic Internet Money (MIM) →

MIM is Abracadabra's CDP-style stablecoin minted against interest-bearing tokens and crypto collateral in cauldron vaults, with automatic liquidations.

Methodology pin: v1.0 changelog