Blockaid: The algorithmic stablecoin MIM may be depegged due to insufficient liquidity, currently reported at about $0.89

According to monitoring by Blockaid, the algorithmic stablecoin MIM has experienced a de-pegging situation on Arbitrum. The current trading price of MIM in the executable path is approximately $0.91 to $0.92, which is due to insufficient or imbalanced liquidity in the Arbitrum liquidity pool.

According to on-chain data, the current quotes for MIM across multiple chains are approximately $0.871---$0.874, with a 24-hour decline of about 11%.