According to Mars Finance, Blockaid monitoring indicates that the algorithmic stablecoin MIM has become de-pegged to Arbitrum. MIM is currently trading at approximately $0.91 to $0.92 in the executable path, due to insufficient or unbalanced liquidity in Arbitrum liquidity pools. On-chain data shows that MIM is currently priced at approximately $0.871 to $0.874 across multiple chains, representing a 24-hour drop of approximately 11%.
Data: The algorithmic stablecoin MIM may be depegging due to insufficient liquidity; it is currently trading at approximately $0.89.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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