# Magic Internet Money \(Ethereum\) (MIM)

**Current Price:** $0.9866 (📈 +0.14% 24h)

**Price in BTC:** 0.00001564 BTC

**Rank:** #509

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## Market Statistics

| Metric | Value |
|--------|-------|
| Market Cap | $54.9M |
| Fully Diluted | $172.6M |
| Volume (24h) | $363.4K |
| Vol/Mkt Cap | 0.66% |
| Total Supply | 174,903,370 |
| Circulating Supply | 55,611,860 |

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## Price Changes

| Period | Change |
|--------|--------|
| 1 Hour | -0.1% |
| 24 Hours | +0.14% |
| 7 Days | -0.25% |

### All-Time Records

- **All-Time High:** $1.19 (-17.23% from ATH) on Aug 23, 2024
- **All-Time Low:** $0.25 (+295.54% from ATL) on Aug 15, 2024

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## Contract Addresses

- **Ethereum:** `0x99d8a9c45b2eca8864373a26d1459e3dff1e17f3`
- **Kava:** `0x471EE749bAl270eb4c1165B5AD95E614947f6fCeb`

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## Website

- [abracadabra.money](<https://abracadabra.money/>)

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## Explorers

- [etherscan.io](<https://etherscan.io/token/0x99d8a9c45b2eca8864373a26d1459e3dff1e17f3>)
- [intel.arkm.com](<https://intel.arkm.com/explorer/token/magic-internet-money>)
- [ethplorer.io](<https://ethplorer.io/address/0x99d8a9c45b2eca8864373a26d1459e3dff1e17f3>)
- [ethereum.dex.guru](<https://ethereum.dex.guru/token/0x99d8a9c45b2eca8864373a26d1459e3dff1e17f3>)

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## Categories

- [Decentralized Finance \\(DeFi\\)](<https://coinstats.app/categories/62cf32500fe1c959b31bfa33/>)
- [Stablecoins](<https://coinstats.app/categories/62cf32500fe1c959b31bfa4e/>)
- [USD Stablecoin](<https://coinstats.app/categories/62cf32500fe1c959b31bfa50/>)
- [Ethereum Ecosystem](<https://coinstats.app/categories/62df90f00fe1c959b306feb9/>)
- [Fiat\\-backed Stablecoin](<https://coinstats.app/categories/669e515f872c30492b6f4172/>)
- [Crypto\\-backed Stablecoin](<https://coinstats.app/categories/66a0f412872c30492b6f4217/>)

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## Community

- [Telegram](<https://t.me/abracadabramoney>)
- [Twitter](<https://twitter.com/MIM_Spell>)

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## About Magic Internet Money \(Ethereum\)

<h2>What is Magic Internet Money?</h2>
<p>Magic Internet Money, or simply Bitcoin, is a digital currency created in 2009 by an unknown person using the alias Satoshi Nakamoto\. It is a decentralized, peer\-to\-peer cryptocurrency system designed to allow online users to process transactions through digital units of exchange called bitcoins\. Unlike traditional currencies, which are issued by central banks, Bitcoin has no central monetary authority\. Instead, it relies on an open\-source protocol that allows users to transfer funds directly from one party to another without the need for intermediaries\.</p> 

<p>Bitcoin transactions are recorded on a public ledger known as the blockchain and each transaction is verified by network nodes through cryptography and recorded in a transparent manner\. This ensures that all Bitcoin transactions are secure and immutable\. The blockchain also serves as a distributed timestamping server, which makes it virtually impossible for anyone to double spend their Bitcoins\.</p> 

<p>The main advantage of using Bitcoin over other payment methods is its low transaction fees\. Since there is no middleman involved in processing payments, merchants can accept payments at much lower rates than those charged by credit card companies or PayPal\. Additionally, since there are no chargebacks with Bitcoin payments, merchants can avoid costly disputes with customers\.</p> 

<p>Another benefit of using Bitcoin is its high level of security\. All transactions are protected with strong encryption technology and stored on the blockchain where they cannot be tampered with or reversed\. Furthermore, since all transactions occur between two parties without any third\-party interference, there is no risk of identity theft or fraud\.</p> 

<p>Overall, Magic Internet Money provides users with an efficient way to make secure payments online without having to worry about high fees or identity theft\. With its low transaction fees and high level of security, it has become one of the most popular forms of digital currency today\.</p> 

For more information about Magic Internet Money visit <a href="https://abracadabra\.money/">Abracadabra Money</a>\.

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## Magic Internet Money \(Ethereum\) Token Risks

**Trust Score:** 84/100

| Risk Type | Severity | Result |
|-----------|----------|--------|
| Centralized Mint | 🟠 high | ✓ Passed |
| Proxy (Upgradeable) | 🟠 high | ✗ Failed |
| Transfer event amount mismatch | 🟠 high | ✗ Failed |
| Blacklist | 🟠 high | ✗ Failed |
| Centralized Burn | 🟠 high | ✗ Failed |
| Unauthorized Token Approvals | 🟠 high | ✗ Failed |
| Selfdestruct | 🟠 high | ✗ Failed |
| Balance Manipulation | 🟡 medium | ✓ Passed |
| Cooldown checks | 🟡 medium | ✗ Failed |
| Pausable | 🟡 medium | ✗ Failed |
| Approval event not emitted | 🟡 medium | ✗ Failed |
| Blockable Transfer | 🟡 medium | ✗ Failed |
| Basic Transfer Fee | 🟡 medium | ✗ Failed |
| External call in transfer | 🟡 medium | ✗ Failed |
| No Transfer event emitted | 🟡 medium | ✗ Failed |
| Whitelist | 🟢 low | ✗ Failed |
| Not fully ERC20 compliant | ⚪ minor | ✗ Failed |
| Asset Withdrawal | ⚪ minor | ✗ Failed |
| Assembly usage in transfer | ⚪ minor | ✗ Failed |
| ETH Balance Sweep | ⚪ minor | ✗ Failed |

[Learn more about token risks](<https://coinstats.app/blog/risks/>)

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## Related Assets

### Coins that Magic Internet Money \\\(Ethereum\\\) holders also hold

- **Ethereum** () (2% holding)
- **Tether** () (1% holding)
- **USDC** () (1% holding)

### Trending Cryptocurrencies

- **Solana** (SOL)
- **Pi Network** (PI)
- **Bittensor** (TAO)
- **Tether Gold** (XAUT)
- **Bitcoin** (BTC)
- **World Liberty Financial** (WLFI)
- **Hyperliquid** (HYPE)
- **Sui** (SUI)

### Similar Market Cap

- **Jelly\-My\-Jelly** ()
- **Midas mHYPER** ()
- **Mog Coin** ()
- **Verus** ()
- **Decentralized Social** ()
- **Astar** ()
- **币安人生 \(BinanceLife\)** ()
- **Entangle** ()

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## Magic Internet Money \(Ethereum\) Markets

| # | Exchange | Pair | Volume (24h) | Vol % | Price |
|---|----------|------|--------------|-------|-------|
| 1 | Sushiswap | MIM/WETH | $469.5 | - | $0.9838 |
| 2 | Sushiswap | SPELL/MIM | $18.4 | - | $0.9731 |
| 3 | Trader Joe v2.1 (Avalanche) | MIM/USDT | $3.1 | - | $0.9861 |

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## Magic Internet Money \(Ethereum\) News

### [Abracadabra loses $1.8 million in protocol’s third major DeFi hack since 2024](<https://www.theblock.co/post/373453/abracadabra-loses-1-8-million-in-protocols-third-major-defi-hack-since-2024?utm_source%3Drss%26amp%3Butm_medium%3Drss&utm_medium=referral&utm_source=coinstats>)
*Unknown - Oct 5, 2025*

The protocol, which issues the Magic Internet Money decentralized stablecoin, has lost over $20 million to exploits since the start of 2024\....

### [Crypto hacks drop 86% with $18.18M stolen in October](<https://coinstats.app/news/5cc825d83ffd11f3437f40545abee61804b9a364d7dd278d61a440f90cc494ca_Crypto-hacks-drop-86-with-1818M-stolen-in-October>)
*Unknown - Nov 2, 2025*

Crypto hack losses have dropped by 86%, with only $18\.18 million lost in October\....

### [DeFi Platform Abracadabra Suffers $1.8 Million Cyber Breach](<https://coinstats.app/news/633ce28cd2d356987b085fd54494d355fb66bbe815820f93a2988023745d5648_DeFi-Platform-Abracadabra-Suffers-18-Million-Cyber-Breach>)
*Unknown - Oct 7, 2025*

A recent breach on the Abracadabra DeFi lending platform has reignited fears about weaknesses in decentralized finance\. This cyberattack resulted in the illicit creation and theft of $1\.8 million wort...

### [Abracadabra DeFi Platform Faces $1.8 Million Exploit in MIM Stablecoin](<https://coinstats.app/news/b68945766fc5aa4eb0f75f058871d8e7fef91d3dc1663fa338ce6fa858c54346_Abracadabra-DeFi-Platform-Faces-18-Million-Exploit-in-MIM-Stablecoin>)
*Unknown - Oct 7, 2025*

Abracadabra experienced a $1\.8 million hack involving its MIM stablecoin\. The hacker manipulated a flaw in the platform's cook function\....

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## Also Check Magic Internet Money \(Ethereum\) Price On

- [CoinGecko](<https://www.coingecko.com/en/coins/magic-internet-money>)
- [CoinMarketCap](<https://coinmarketcap.com/currencies/magic-internet-money>)
