# $MIM Catalyst Posts & Social Intelligence Recap — September 30, 2026

> **Asset:** $MIM  
> **Date:** 2026-09-30 (September 30, 2026)  
> **Canonical URL:** https://cryptitalk.com/tokens/mim/2026-09-30  
> **Token Profile:** https://cryptitalk.com/tokens/mim.md  
> **Market Rankings:** https://cryptitalk.com/rankings.md  

---



## Curated Viral Posts & Community Evidence


### Post #1 by @TheBlockCo
> **Author:** The Block ([@TheBlockCo](https://x.com/TheBlockCo))  
> **Metrics:** 29 likes · 4 retweets · 7 comments · 15.0K views  

> **Posted:** 2026-09-30T09:22:48+00:00  


> **Source Link:** [https://x.com/TheBlockCo/status/2105226847868887115](https://x.com/TheBlockCo/status/2105226847868887115)  


> **Visual Note:** The image displays the Abracadabra logo, featuring a blue and yellow geometric square icon next to the white "Abracadabra" wordmark on a dark navy background, directly representing the protocol mentioned in the news about its potential wind-down due to bad debt in $MIM.  

> 
> "THE BLOCK: Abracadabra 
$SPELL
 governance is considering an orderly wind-down of the protocol, with a proposal citing roughly $21 million in 
$MIM
 bad debt.

The proposal would liquidate"


### Post #2 by @DefiantNews
> **Author:** The Defiant ([@DefiantNews](https://x.com/DefiantNews))  
> **Metrics:** 17 likes · 4 retweets · 4 comments · 13.6K views  

> **Posted:** 2026-09-30T02:14:49+00:00  


> **Source Link:** [https://x.com/DefiantNews/status/2105119143607599453](https://x.com/DefiantNews/status/2105119143607599453)  


> 
> "BREAKING

Abracadabra Proposes Winding Down MIM at Four Cents on the Dollar

A Snapshot vote would liquidate the protocol, swap what collateral is left into ether and pay MIM holders pro rata. The team puts recoverable backing at about $900,000 against $21 million of bad debt."


### Post #3 by @PharosWatch
> **Author:** Pharos ([@PharosWatch](https://x.com/PharosWatch))  
> **Metrics:** 28 likes · 8 retweets · 4 comments · 7.8K views  

> **Posted:** 2026-09-30T18:43:12+00:00  


> **Source Link:** [https://x.com/PharosWatch/status/2105367875435348351](https://x.com/PharosWatch/status/2105367875435348351)  


> **Visual Note:** A screenshot of a governance proposal titled 'Proposal for an orderly wind down of MIM and Abracadabra' on the Magic Internet Money forum, showing voting results with 100m 'For' and 523.4k 'Against' votes.  

> 
> "BREAKING: Abracadabra just voted to shut MIM down. MIM holders are getting roughly 4 cents on the dollar.

Prior to MIM losing its peg on June 8, Pharos had already flagged thin exit liquidity and imbalanced pools with no active redemption backstop.
x.com/PharosWatch/st
…

On"


### Post #4 by @moo9000
> **Author:** Mikko Ohtamaa ([@moo9000](https://x.com/moo9000))  
> **Metrics:** 17 likes · 6 retweets · 8 comments · 3.0K views  

> **Posted:** 2026-09-30T09:36:35+00:00  


> **Source Link:** [https://x.com/moo9000/status/2105230317455822968](https://x.com/moo9000/status/2105230317455822968)  


> **Visual Note:** A Snapshot governance page showing a proposal titled "Proposal for an orderly wind down of MIM and Abracadabra" in the Magic Internet Money DAO, with 99.48% (100M) voting For and 0.52% (523.4k) Against. The context suggests the vote is being scrutinized as potential DAO treasury looting rather than a genuine protocol shutdown.  

> 
> "MORE ON ABRACADABRA DAO TREASURY LOOTING IN PROGRESS

More Abracadabra shutdown context, because the previous tweet exceeded its character limits.

The "proposal" to shut down Abracadabra, one of the early questionable stablecoin projects, had some quite questionable DAO activity"


### Post #5 by @PANewsCN
> **Author:** PANews丨APP全面升级 ([@PANewsCN](https://x.com/PANewsCN))  
> **Metrics:** 2 likes · 1 retweets · 0 comments · 1.9K views  

> **Posted:** 2026-09-30T02:48:56+00:00  


> **Source Link:** [https://x.com/PANewsCN/status/2105127726437040383](https://x.com/PANewsCN/status/2105127726437040383)  


> **Visual Note:** A proposal titled 'Proposal for an orderly wind down of MIM and Abracadabra' posted by 0xE843...9A58 in the Magic Internet Money forum, with a summary explaining that after a series of hacks, MIM is under-backed and proposing a plan to protect users and serve MIM holders.  

> 
> "Abracadabra Launches Proposal to Initiate Shutdown Agreement, with MIM Actual Collateral Under $0.04 Per Token

The lending protocol behind the MIM stablecoin, Abracadabra, has launched a Snapshot vote proposing an orderly shutdown of the protocol and liquidation of MIM, with"


### Post #6 by @chilla_ct
> **Author:** Chilla ([@chilla_ct](https://x.com/chilla_ct))  
> **Metrics:** 16 likes · 0 retweets · 1 comments · 1.2K views  

> **Posted:** 2026-09-30T18:56:32+00:00  


> **Source Link:** [https://x.com/chilla_ct/status/2105371233990676580](https://x.com/chilla_ct/status/2105371233990676580)  


> **Visual Note:** A snapshot of a Magic Internet Money (DeFi_SLL) forum post titled "Proposal for an orderly wind down of MIM and Abracadabra," which is currently opposed by 62.52% of voters and discusses MIM's undercollateralization. The image relates to the accompanying post highlighting concerns about MIM's $7.2M market cap and $8M treasury outflow to centralized exchanges on July 15th.  

> 
> "so basically, on July 15th MIM had a market cap of $7.2M, already depegging. 

And on the same day, its treasury sent out $8M to CEXs.

aight."


### Post #7 by @0xcarnation
> **Author:** Carnation ([@0xcarnation](https://x.com/0xcarnation))  
> **Metrics:** 9 likes · 0 retweets · 3 comments · 684 views  

> **Posted:** 2026-09-30T05:26:06+00:00  


> **Source Link:** [https://x.com/0xcarnation/status/2105167282393780534](https://x.com/0xcarnation/status/2105167282393780534)  


> **Visual Note:** A CoinGecko cryptocurrency price chart for Magic Internet Money (MIM) token #3099 on Ethereum, showing a current price of $0.02788283 and a -97.2% decline over 1 year.  

> 
> "MIM really lived up to its name and brought the Magic of DeFi to a lot of young degens back in the day

So sadge to see that they’re probably sunsetting for gud"


### Post #8 by @laurashin
> **Author:** Laura Shin ([@laurashin](https://x.com/laurashin))  
> **Metrics:** 3 likes · 0 retweets · 1 comments · 669 views  

> **Posted:** 2026-09-30T13:53:10+00:00  


> **Source Link:** [https://x.com/laurashin/status/2105294887159816565](https://x.com/laurashin/status/2105294887159816565)  


> 
> "Abracadabra says MIM has about $900,000 of backing it can act on against nearly $22 million in circulation. Its wind-down plan would pay borrowers their collateral minus debt, and split the rest among MIM holders."


### Post #9 by @3web11
> **Author:** Mimora ([@3web11](https://x.com/3web11))  
> **Metrics:** 17 likes · 4 retweets · 3 comments · 331 views  

> **Posted:** 2026-09-30T16:47:34+00:00  


> **Source Link:** [https://x.com/3web11/status/2105338777124438028](https://x.com/3web11/status/2105338777124438028)  


> 
> "$MIM
  NEWS
MAGIC•INTERNET•MONEY
2013 Bitcoin Wizard → Rune #17 · art by 
@mavensbot
1. Wizard #256 of 10,000 Bitcoin Wizards landed, one per day until ₿ reaches $1,000,000 and curated by 
@mavensbot
 — 
@bitcoinwizardry"


### Post #10 by @SnapshotLabs
> **Author:** Snapshot ([@SnapshotLabs](https://x.com/SnapshotLabs))  
> **Metrics:** 3 likes · 0 retweets · 0 comments · 222 views  

> **Posted:** 2026-09-30T10:59:46+00:00  


> **Source Link:** [https://x.com/SnapshotLabs/status/2105251249725612506](https://x.com/SnapshotLabs/status/2105251249725612506)  


> **Visual Note:** A Snapshot governance page for 'Magic Internet Money' showing an active vote with 99.48% 'For' and 0.52% 'Against' on a 100m SPELL proposal.  

> 
> "@MIM_Spell
 is voting to wind down Abracadabra through a redemption plan estimating ~$0.04 per $MIM for holders.

The proposal says hacks left no viable recovery to $1 and rejects raising rates to force collateral sales that would favor the fastest sellers. It would reclaim"


### Post #11 by @DiarioBitcoin
> **Author:** Diario฿itcoin ([@DiarioBitcoin](https://x.com/DiarioBitcoin))  
> **Metrics:** 0 likes · 0 retweets · 1 comments · 178 views  

> **Posted:** 2026-09-30T18:00:11+00:00  


> **Source Link:** [https://x.com/DiarioBitcoin/status/2105357053980016830](https://x.com/DiarioBitcoin/status/2105357053980016830)  


> **Visual Note:** A Spanish-language cartoon meme with text reading 'Abracadabra propone cerrar tras una cadena de ataques y un MIM hundido a USD $0,04' showing a ragged beggar and a man in a suit discussing a 'desastre' (disaster).  

> 
> "Abracadabra propone cerrar: MIM cotiza a USD $0,04.

La propuesta cita 22 millones de MIM pendientes y USD $900.000 de respaldo accionable.

El protocolo atribuye USD $21 millones en deuda incobrable a ataques.

Mikko Ohtamaa cuestiona transferencias por USD $8,3 millones que"


### Post #12 by @Asterix54907294
> **Author:** Asterix ([@Asterix54907294](https://x.com/Asterix54907294))  
> **Metrics:** 5 likes · 0 retweets · 1 comments · 126 views  

> **Posted:** 2026-09-30T11:32:50+00:00  


> **Source Link:** [https://x.com/Asterix54907294/status/2105259573292482643](https://x.com/Asterix54907294/status/2105259573292482643)  


> **Visual Note:** A stylized 3D render of a robot with round glasses and a small top hat smoking a cigar while looking at an open briefcase that glows with warm light in a dimly lit diner.  

> 
> "gm lads

opened ct today and apparently magic internet money finally ran out of magic
@MIM_Spell
 is now looking at an orderly wind-down after years of hacks + bad debt

the numbers are pretty brutal:

-- ~$22m MIM circulating outside protocol addresses
-- only ~$1.2m collateral"


### Post #13 by @Agek1d
> **Author:** Agek1d ([@Agek1d](https://x.com/Agek1d))  
> **Metrics:** 6 likes · 1 retweets · 2 comments · 88 views  

> **Posted:** 2026-09-30T13:08:01+00:00  


> **Source Link:** [https://x.com/Agek1d/status/2105283527272964177](https://x.com/Agek1d/status/2105283527272964177)  


> **Visual Note:** An infographic about a crypto wind-down plan labeled 'AGEK1D', detailing a 'Bad Debt - $21 Million' issue, a 'Conventional Reimbursement', and an 'Abracadabra Protocol (MIM_Spell)' featuring a wizard.  

> 
> "DeFi protocol Abracadabra (
@MIM_Spell
) has proposed a complete wind-down and liquidation plan.

A Snapshot vote is currently live to convert all remaining collateral (roughly $900K) into 
$ETH
 to proportionally reimburse$MIM holders. Because the protocol is facing up"


### Post #14 by @Carmolvilcrypto
> **Author:** Carlos Molinillo ([@Carmolvilcrypto](https://x.com/Carmolvilcrypto))  
> **Metrics:** 1 likes · 0 retweets · 0 comments · 74 views  

> **Posted:** 2026-09-30T17:52:00+00:00  


> **Source Link:** [https://x.com/Carmolvilcrypto/status/2105354991472889898](https://x.com/Carmolvilcrypto/status/2105354991472889898)  


> 
> "Balancer ha votado su propio cierre.
Abracadabra propone lo mismo: 900.000$ de colateral para respaldar 22 millones de MIM.

Mientras, Aave sube un 11% hablando de quemar tokens.

DeFi no se muere. Está haciendo selección natural: sobrevive el que genera ingresos de verdad."


### Post #15 by @Raven_slb
> **Author:** RAVEN.fi ✦ ([@Raven_slb](https://x.com/Raven_slb))  
> **Metrics:** 1 likes · 0 retweets · 0 comments · 60 views  

> **Posted:** 2026-09-30T14:13:17+00:00  


> **Source Link:** [https://x.com/Raven_slb/status/2105299949432762418](https://x.com/Raven_slb/status/2105299949432762418)  


> **Visual Note:** A futuristic, digital graphic displaying the 'quip network' logo surrounded by glowing blue and purple circuitry and data nodes.  

> 
> "@SoSoValueCrypto
 Daily Crypto Hot News｜ Sep 30, 2026

1/ Abracadabra proposes the liquidation agreement, with MIM redeemable at $0.04

2/ Standard Chartered bank research report covers ENA for the first time, expecting it to rise to $2 by end of 2028

3/ Kalshi plans to"


### Post #16 by @Khaikhaidao
> **Author:** KhaiDao ([@Khaikhaidao](https://x.com/Khaikhaidao))  
> **Metrics:** 2 likes · 0 retweets · 0 comments · 40 views  

> **Posted:** 2026-09-30T22:34:32+00:00  


> **Source Link:** [https://x.com/Khaikhaidao/status/2105426094958760395](https://x.com/Khaikhaidao/status/2105426094958760395)  


> **Visual Note:** A worn, dark blue leather-bound book titled "Abracadabra" with a colorful logo rests on a wooden surface.  

> 
> "4 cents. That's the payout for a 'stablecoin' built to hold a dollar. Abracadabra is killing MIM and paying holders about 4c per token. A 96% haircut, buried in a wind-down post. A peg is a promise. This one broke."


### Post #17 by @yuva213
> **Author:** yuvaraj.sol ([@yuva213](https://x.com/yuva213))  
> **Metrics:** 0 likes · 0 retweets · 0 comments · 13 views  

> **Posted:** 2026-09-30T16:48:39+00:00  


> **Source Link:** [https://x.com/yuva213/status/2105339051654218082](https://x.com/yuva213/status/2105339051654218082)  


> 
> "Mr. Teng catching strays before $MIM catches a bid"




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