Huo Xing Finance reports, according to Blockaid monitoring, the algorithmic stablecoin MIM has depegged on Arbitrum. MIM is currently trading at approximately $0.91 to $0.92 on executable routes, due to insufficient or imbalanced liquidity in Arbitrum liquidity pools. On-chain data shows MIM’s current prices across multiple chains range from $0.871 to $0.874, representing an 11% decline over the past 24 hours.
Algorithmic Stablecoin MIM Deviates from $1 Amid Liquidity Shortages
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Summary
The algorithmic stablecoin MIM has fallen below $1 on Arbitrum due to liquidity shortages in its pools. On-chain data shows MIM trading between $0.91 and $0.92 on the network, while prices across multiple chains range from $0.871 to $0.874—marking an 11% drop in 24 hours. Liquidity constraints continue to pressure the asset’s stability.
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