Algorithmic stablecoin MIM may have deviated from its peg due to insufficient liquidity, currently trading at around $0.89.

BlockBeats News, June 12th, according to Blockaid monitoring, the algorithmic stablecoin MIM experienced a depegging on Arbitrum. The current transaction price of MIM on the execution path is around $0.91 to $0.92, due to insufficient liquidity or imbalance in the Arbitrum liquidity pool.

According to on-chain data, MIM's multi-chain current price is around $0.871 to $0.874, with a 24-hour decrease of approximately 11%.