Depeg event
MIM Depeg, June 8, 2026: 92.0% Below Peg
Detected under v6.06
MIM moved below peg at 16:51 UTC on June 8, 2026, with a peak deviation of 92.0% at $0.0799. The event remains ongoing.
The checked-in price path starts at $0.9895 against a recorded peg reference of $0.9999. Pharos captured the incident through live monitoring and evaluates it under v6.06. The record reports the observed price path and resolution state without inferring a cause from those measurements.
Event summary
- Direction
- below peg
- Peak deviation
- 92.0%
- Started
- June 8, 2026
- Ended
- Ongoing
- Outcome
- Ongoing
- Duration
- —
- Peg reference
- $0.9999
- Start price
- $0.9895
- Peak price
- $0.0799
Related incidents
Other recent peggedUSD depegs
Other cdp incidents
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.
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