The MIM/3Crv pool on Curve is seriously tilted, with MIM accounting for nearly 97%, and the MIM price has dropped to around $0.94.
Earlier, Autism Capital broke the news on Twitter that the algorithmic stable currency MIM may be insolvent, and Wonderland has withdrawn more than $57 million in liquidity from Curve yesterday evening Beijing time.
Wonderland is a project operated by Sifu and had many early connections with Abracadabra (a DeFi project that issues MIM). Sifu is still very active in the Abracadabra Discord.