MIM Magic Internet Money
$0.0005
$0.00002199
(4.25%)
Mkt Cap$11.45M
Vol22,877.00
About Magic Internet Money
Magic Internet Money (MIM) is the first mainstream Bitcoin meme, originally created in 2013 and deployed a decade later on the Bitcoin blockchain by its original artist, Mavensbot. It all began in the r/bitcoin subreddit, where Mavensbot posted his now-iconic MS Paint artwork of the “Magic Internet Money Wizard”. His drawing was later turned into a reddit ad to promote Bitcoin. It then became the most successful Reddit ad of all time and played a key role in Bitcoin’s early rise from $27 to $1,132, while helping grow the r/bitcoin subreddit community from 10,000 to over 100,000 subscribers by the end of 2014.
Abracadabra proposes shutdown, MIM holders to recover $0.04 per token
🚨 Abracadabra proposes to close its lending protocol, with MIM holders to recover $0.04 per token. 🟠 A series of exploits left more than 95% of $MIM uncollateralized and its peg severely broken. 🟣 The closure plan involves reclaiming collateral and distributing ether to affect...
COINTURK NEWS
Abracadabra proposes shutdown, MIM holders to recover $0.04 per token
🚨 Abracadabra proposes to close its lending protocol, with MIM holders to recover $0.04 per token. 🟠 A series of exploits left more than 95% of $MIM uncollateralized and its peg severely broken. 🟣 The closure plan involves reclaiming collateral and distributing ether to affect...
COINTURK NEWS
Abracadabra Implements Emergency Measures to Revive Its Stablecoin
Abracadabra, a decentralized finance protocol, has initiated urgent strategies to counteract the depegging of its stablecoin, Magic Internet Money (MIM), which dropped significantly from its intended $1 valuation. The company’s immediate priority is to curtail the circulating sup...
BH NEWS
Abracadabra announced emergency measures after MIM stablecoin fell to $0.50 from its $1 peg
🚨 $MIM lost its dollar peg and is trading around $0.50, prompting Abracadabra to launch emergency actions. 💸 Abracadabra raised borrowing costs and suspended liquidity rewards to cut the supply in $MIM and stabilize the market. 🛡️ The protocol previously suffered a $13 million...
COINTURK NEWS
apxUSD Drops Below $0.80 As STRC Pressure Hits Apyx Stablecoin
Apyx’s apxUSD fell below $0.80, deepening a fresh depeg for the dividend-backed stablecoin as pressure returned across Strategy-linked credit products. apxUSD recently traded near $0.7702, down 9.1% over 24 hours and 12.8% over seven days. The token’s 24-hour range widened sharpl...
Crypto Adventure
Abracadabra Rolls Out Emergency Measures as MIM Stablecoin Falls Far Below $1 Peg
Abracadabra has launched a series of emergency measures after its Magic Internet Money (MIM) stablecoin lost its dollar peg and plunged well below its intended $1 value. The decentralized finance protocol said it is taking immediate action to reduce MIM supply and stabilize the m...
DeFi Planet
Market Meltdown: MemeCore Crashes 76% as MIM Breaks Peg to $0.50
Critics had questioned how MemeCore maintained a multi-billion dollar valuation despite insiders allegedly controlling 90% of supply.
CryptoPotato
MIM Depegs To $0.50 As Abracadabra Raises Cauldron Rates
Magic Internet Money fell sharply below its intended $1 peg, with MIM on Ethereum trading near $0.50 after a volatile 24-hour window that pushed the stablecoin as low as about $0.43. The move left MIM roughly 50% below peg at the latest tracked price, with the market still showin...
Crypto Adventure
Abracadabra Issues Emergency Measures as MIM Stablecoin Depeg Escalates
Abracadabra has moved to stabilize its dollar-pegged stablecoin Magic Internet Money (MIM) after the token fell more than 50% below its $1 peg. The DeFi protocol said it is rolling out emergency measures that increase borrowing costs across its lending system in order to encourag...
CryptoBreaking
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Date
Market Cap
Volume
Close
October 20, 2026
$11.45M
$22,876.34
---
October 20, 2026
$11.3M
$40,739.49
---
October 19, 2026
$9.62M
$23,117.73
$0.0005
October 18, 2026
$9.66M
$3,936.50
$0.0005
October 17, 2026
$9.77M
$21,937.78
$0.0005
October 16, 2026
$9.84M
$43,079.90
$0.0005
October 15, 2026
$9.84M
$9,886.39
$0.0005
October 14, 2026
$10.49M
$23,967.23
$0.0005
October 13, 2026
$10.08M
$22,254.80
$0.0005
October 12, 2026
$11.3M
$23,800.45
$0.0005
Fundamentals
57
Bullish Sentiment
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