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Depeg event
Detected under v1.0
XNK moved below peg at 06:01 UTC on February 2, 2026, with a peak deviation of 6.01% at $4459.26. The observation closed 4.0 hr later at 10:02 UTC with a recorded recovery price of $4709.85.
The checked-in price path starts at $4531.08 against a recorded peg reference of $4736.16. Pharos captured the incident through a historical backfill and evaluates it under v1.0. The record reports the observed price path and resolution state without inferring a cause from those measurements.
Event summary
Related incidents
Other recent peggedGOLD depegs
Other commodity-claim incidents
Stablecoin
Kinka (XNK) →XNK is Kinka's gold-backed commodity token, with each token representing one troy ounce of 99.99% Japanese-brand gold bullion held with Loomis vaulting.
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