🚨 $MIM just nuked to $0.50 – full depeg in progress
Abracadabra team scrambling with "emergency actions" but no clear fix yet. If you're holding, you know the drill: stablecoin depegs = trust collapse = potential death spiral.
Meanwhile, MemeCore token down 76% after @zachxbt called out insane supply concentration. Classic rug setup playing out exactly as warned.
Two lessons:
1. Stablecoin pegs are NOT guaranteed – especially for smaller caps
2. When investigators flag supply risks, listen or get rekt
Stay sharp out there 🎯
Abracadabra team scrambling with "emergency actions" but no clear fix yet. If you're holding, you know the drill: stablecoin depegs = trust collapse = potential death spiral.
Meanwhile, MemeCore token down 76% after @zachxbt called out insane supply concentration. Classic rug setup playing out exactly as warned.
Two lessons:
1. Stablecoin pegs are NOT guaranteed – especially for smaller caps
2. When investigators flag supply risks, listen or get rekt
Stay sharp out there 🎯