Price change (24h):
19.48%
High (24h):
$0.159569
Low (24h):
$0.126084
Volume (24h):
$17.92K
Market Cap:
$7.14M
All Time High:
93.62% $2.00
Mar 18, 2026
All Time Low:
59% $0.08
Jul 1, 2026
Magic Internet Money (Ethereum)
MIM87.17 %(1Y)
$0.128322
About Magic Internet Money (Ethereum)
Magic Internet Money (MIM) is a decentralized stablecoin operating on the Ethereum blockchain. It functions as the core debt instrument of the Abracadabra.money lending platform, where users mint MIM against yield-bearing collateral.
The protocol addresses the capital inefficiency of idle yield-generating assets by enabling their use as collateral to borrow a dollar-pegged token. Instead of selling interest-bearing positions to access liquidity, holders can deposit tokens like yvYFI or xSUSHI into isolated vaults, retain exposure to accrued yield, and withdraw MIM for deployment across DeFi. The result is perpetual liquidity without forced divestment.
Magic Internet Money operates on the Ethereum network. All issuance and settlement logic resides within the protocol’s audited smart contracts, which interface with Ethereum’s execution environment. The token does not rely on a separate chain, inheriting instead the security assurances of Ethereum’s validator set.
The MIM token adheres to the ERC-20 standard, enabling frictionless integration with wallets, AMMs, and lending protocols across Ethereum. Its minting mechanism relies on overcollateralized vaults where users lock interest-bearing tokens, with the protocol’s smart contracts enforcing dynamic collateralization ratios and liquidation thresholds. This design keeps the stablecoin’s peg to the U.S. dollar anchored by algorithmic incentives and arbitrage.
The Abracadabra.money protocol was launched by a pseudonymous developer collective embedded in the Ethereum DeFi landscape. Magic Internet Money emerged as the platform’s core stablecoin, while the SPELL token provided governance rights over risk parameters and treasury allocations. The project quickly attracted capital from yield optimizers seeking to unlock the liquidity locked in interest-bearing vaults.
The protocol’s mission centers on maximizing capital efficiency within DeFi by transforming static collateral into a liquid, transferable stablecoin. MIM provides holders the ability to extract immediate liquidity from yield positions—positions that would otherwise remain trapped until maturity or manual exit—while retaining exposure to the underlying yield. This mechanism effectively separates the ownership of a yield-bearing asset from the liquidity it represents.
MIM is the native debt token minted against collateral in user-created vaults. Borrowers incur a variable stability fee payable upon repayment, which accrues to the protocol’s treasury. These continuous fee flows, combined with on-chain liquidity provision through decentralized exchanges, sustain the token’s utility as a settlement medium across the broader DeFi stack.
Liquidity providers deposit MIM into automated market makers such as Curve to earn swap fees, often augmenting returns by staking LP tokens for additional incentives. Arbitrageurs exploit temporary deviations from the dollar peg by buying or selling MIM against other stablecoins, relying on the protocol’s redemption mechanism to restore parity. Yield farmers route through MIM to compound returns on collateralized debt positions without unwinding their original yield strategies.
Magic Internet Money has a total supply of 174,903,370.23 tokens. Currently, 55,611,860 are in circulation. With a market capitalization of $55,422,084, Magic Internet Money ranks #4,497 among all cryptocurrencies.
Magic Internet Money (Ethereum) Historical Price Data
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 08/07/2026 | $0.13 | $0.13 | $0.14 | $0.13 |
| 07/07/2026 | $0.16 | $0.13 | $0.16 | $0.13 |
| 06/07/2026 | $0.15 | $0.17 | $0.17 | $0.15 |
| 05/07/2026 | $0.15 | $0.15 | $0.17 | $0.15 |
| 04/07/2026 | $0.14 | $0.15 | $0.15 | $0.14 |
| 03/07/2026 | $0.12 | $0.14 | $0.15 | $0.12 |
| 02/07/2026 | $0.09 | $0.12 | $0.12 | $0.09 |
| 01/07/2026 | $0.09 | $0.09 | $0.10 | $0.08 |
Why is manual trading Magic Internet Money (Ethereum) a bad idea?
Manual mim trading
- Miss perfect entry/exit
- Emotional decisions
- Huge time to monitor
Stoic AI
-
AI trades 24/7 automatically Catch every opportunity
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Zero-emotion algorithm Disciplined strategy
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Passive income Set & forget automation
20,000+
traders trusted Stoic AI
$200M+
in cumulative assets under management since inception
2015
year of company foundation
FAQ
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Magic Internet Money (Ethereum) (MIM) is a cryptocurrency that can be bought, sold, and traded on major exchanges. Its price changes in real time based on supply, demand, and broader market conditions. You can track the live MIM price, market cap, and 24-hour trading volume at the top of this page.
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The current price of Magic Internet Money (Ethereum) (MIM) is $0.128322. Over the last 24 hours, it has moved -19.48%. Crypto prices update continuously, so short-term changes can happen quickly.
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You can buy Magic Internet Money (Ethereum) on major exchanges like Binance, Coinbase, or KuCoin. However, simply buying and holding can be risky due to market volatility.
The smartest way to manage your MIM investment is to connect your exchange account to Stoic AI. This allows you to keep funds on your preferred exchange while our institutional-grade algorithm automates the trading strategy for you, aiming to outperform manual trading. -
Stablecoins (like MIM) are designed to maintain a stable value, usually pegged to a fiat currency like the US dollar. While their price typically stays close to the peg, they can occasionally depeg due to market stress, liquidity issues, or concerns about reserve backing.
Many traders use stablecoins as a safe haven during crypto market volatility or as a convenient way to move funds between exchanges. -
We can’t provide investment advice. Whether Magic Internet Money (Ethereum) is a good investment depends on your risk tolerance, time horizon, and strategy. Crypto markets are highly volatile and past performance doesn't guarantee future results. Many investors reduce risk by diversifying across multiple assets and using automated strategies that remove emotional decision-making. Always do your own research before investing.
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Common approaches include buy & hold, discretionary trading based on technical analysis, or automated strategies. Manual trading can be difficult due to fees, timing, and emotional decisions. Stoic AI offers an out-of-the-box automated approach: connect your exchange via trade-only API permissions, choose a strategy, and the system manages portfolio rebalancing 24/7.
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Stoic AI uses hedge fund-grade quantitative strategies developed by Cindicator, a fintech company with 9+ years of experience and $230M+ in assets under management. The algorithm analyzes price data, volatility, and correlations to build and rebalance a diversified portfolio. MIM can be included based on real-time market conditions. Over 18,000 customers already use Stoic AI to automate their crypto portfolios.
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With Stoic AI, your funds stay on your exchange (Binance, Coinbase, KuCoin, etc.) at all times. Stoic connects via read-and-trade-only API keys - it cannot withdraw your funds. The platform uses institutional-grade risk management and has been live-tested through multiple market cycles since 2020, including the 2022 crypto winter. You maintain full control and can disconnect at any time.
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You can start with as little as $500. There are no lock-ups and no hidden fees. You can try it now and withdraw your funds at any time. Create a Stoic account, connect your exchange using an API key with trading‑only permissions, choose a strategy, and start automated trading. You can stop anytime by revoking the API key on your exchange. Since the funds stay in your exchange wallet, you remain in control of deposits and withdrawals.
