First, let's take a look at the depeg of $MIM and its percentage. $MIM dipped to 0.972 on 27th but has regain the peg back slowly.

Graph below shows the marketcap of ERC-20 $MIM and daily number of holders. There was drop in marketcap from 4.7B $MIM to 3.9B $MIM on 27th January and around the same period the number of holders also dropped.

Now, let's take a look at most popular $MIM LP pool. First is as below, which is $MIM-$WETH pool on Sushiswap, we can see that the liquidity dropped by almost half on Jan 27th and continue dropping until today.

Graph below shows the $MIM + 3Crv stablecoins Pool on Curve Finance. The liquidity balance dropped by half from Jan 26th but has increased since then.

In conclusion, crypto projects are just like startups or company stocks. It will react accordingly with events and rumours. The problem with Wonderland Money which was developed by same guy who founded Abracadabra causing ripple effect and even recent FUD on Anchor also caused by that.

The following two graphs shows the swap volume of $MIM on various DEX and transaction count. We can see spike in both volume and transaction count on 27th Jan.