MAGIC•INTERNET•MONEY (MIM): What It Is, Uses and Risks

MAGIC•INTERNET•MONEY (MIM), also known as Magic Internet Money, is a meme token tied to Bitcoin culture. Its story starts in 2013 on the r/bitcoin subreddit, where the artist known as Mavensbot posted an MS Paint drawing of a wizard. The image was later turned into a Reddit ad promoting Bitcoin. The project says the ad helped grow the subreddit from about 10,000 to over 100,000 subscribers by the end of 2014. About a decade later, the artwork was deployed as a token on the Bitcoin blockchain. According to the data supplied, MIM is issued on both Bitcoin and Solana, and it is not the native token of any blockchain. Its listed categories are meme coins and Bitcoin ecosystem tokens. The project history comes from the project's own description, so treat its claims about Bitcoin's early price growth as the project's account rather than independently verified fact.

Public sources do not describe a specific use for MIM. There is no stated function for governance, staking, payments or fees in the data. Based on what is publicly known, MIM is mainly a collectible and a community symbol linked to a famous piece of Bitcoin meme history. Its value to holders depends on how many people want to trade or hold it, not on any service the token provides. Anyone thinking about the token should not assume it gives a claim on a company, a share of revenue or access to a product. If the project publishes a roadmap or new utility later, that would need to be checked against its own official materials before relying on it.

Public sources are dated 2026-11-05 and gives these approximate figures at the time of writing: a price of about $0.000527, a market cap of about $11.1M, and a market cap rank of 1188. Total, circulating and maximum supply are all listed as 21 billion tokens, so the data shows no room for future issuance. The 24-hour trading volume was about $21,590, which is thin and can make prices jump on small trades. Over seven days the price was down about 14 percent, and over one year it was down about 2.7 percent. The all-time high was about $0.00885 on 2025-06-16, and the all-time low was about $0.000168 on 2026-07-06. These numbers change constantly, so check a live source before drawing conclusions.

MIM is issued on Bitcoin and on Solana according to public information. Bitcoin itself does not run smart contracts in the way Ethereum or Solana do, so the Bitcoin version works through the methods that the project and its tooling support. Readers should confirm which version they are looking at, because the same ticker can appear on different networks as separate assets. Public reporting also show that other tokens use the MIM name. One result describes a stablecoin with a peg problem and a treasury concern, and another describes a MIM listing on Linea with a different price. Those are separate assets and should not be mixed up with the Bitcoin and Solana MIM described here. Always check the network, the contract or token address and the issuer before buying or sending.

MIM is a meme token with thin trading volume, so its price can move sharply and may be hard to sell at a fair price in a short time. The all-time range and recent declines show how large the swings can be. Meme tokens also attract scams, fake listings and copycat tokens that use the same name or ticker. Bridged or wrapped versions on other networks can behave differently and carry extra risk. To store MIM, use a wallet that supports the network the token is on and keep control of your own recovery phrase. Never share that phrase or send it to anyone claiming to offer help. This page is for general information and is not investment advice. Only spend money you can afford to lose, and do your own research before making any decision.