MIM Depegs on Arbitrum to $0.89–$0.92 Amid Liquidity Shortage on June 12

ARB3.75%
According to Blockaid, the algorithmic stablecoin MIM depegged on Arbitrum on June 12 due to insufficient or imbalanced liquidity in the chain's pools. MIM traded at approximately $0.91–$0.92 on executable paths. On-chain data showed MIM quoted around $0.871–$0.874 across multiple chains, down approximately 11% over the past 24 hours.
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