Magic Internet Money (MIM) is trading at $0.0570 down 3.48% over the past 24 hours. Its Galaxy Score is 66.0, LunarCrush's combined measure of market and social performance. Over the last 24 hours it has seen 49.1K engagements and 262 posts with 86% positive social sentiment.
AI summary: Magic Internet Money ($MIM) is a Solana/Bitcoin Runes memecoin-stablecoin hybrid inspired by the 2013 Bitcoin Wizard meme, pegged near $0.05 with a 10% tax that rewards holders in BTC. The +18% weekly bounce off the $0.049 ATH is driven by the CoinMarketCap Runes category listing, buyback-supported peg defense, and BTC reward FOMO, but the collapse of 24h volume to $2.4K against a $103M cap and a persistent -49% monthly drawdown suggest this is a thin-liquidity speculative relief rally prone to sharp retracements.