Depeg event

Kinka depeg above peg — January 29, 2026 at 18:01 UTC

Detected under v1.0

XNK moved above peg at 18:01 UTC on January 29, 2026, with a peak deviation of 6.51% at $5431.40. The observation closed 16.0 hr later at 10:01 UTC with a recorded recovery price of $4967.42.

Event summary

Direction: above peg
Peak deviation: 6.51%
Started: January 29, 2026 at 18:01 UTC
Ended: January 30, 2026 at 10:01 UTC
Duration: 16.0 hr
Peg reference: $5188.68
Start price: $5345.21
Peak price: $5431.40
Recovery price: $4967.42

Related incidents

Other recent peggedGOLD depegs

2026-08-05XAUmpeak 11.9% below peg
2026-07-20XAUmpeak 15.9% below peg
2026-07-13XAUmpeak 18.0% above peg

Other fiat-cash incidents

2026-08-06A7A5peak 8197.8% above peg
2026-08-04AxCNHpeak 52.9% below peg

Stablecoin

Kinka (XNK) →

XNK is Kinka's gold-backed commodity token, with each token representing one troy ounce of 99.99% Japanese-brand gold bullion held with Loomis vaulting.

Methodology pin: v1.0 changelog