June 25, 2026·Bearish·critical issue

MIM Stablecoin Depegs to $0.50, Abracadabra Takes Emergency Action

The Magic Internet Money (MIM) stablecoin de-pegged to $0.50. The Abracadabra team confirmed it is taking emergency actions.

Detected & updated continuously · Source: Ruma

Mentioned

Magic Internet Money (Arbitrum) (mim)abracadabra money (abracadabra)

Sources

@Crypto_Potato

🚨 ALERT: Stablecoin Magic Internet Money ($MIM) has de-pegged, crashing to $0.50. The Abracadabra team confirms it is taking "emergency actions" to remedy the situation. In a separate market event, the MemeCore token has plummeted 76%, validating earlier warnings from