Recaps · September 3, 2026

MIMI, September 3: an 8:00 headline, $1.19, and three bid walls that broke

• Small cap
• Momentum
• Gap and fade
• Catalyst: news
• Float traded 4x
• Bid wall break

Float

13.75 million shares

Volume

63.80 million shares

Previous close

$0.6409

Open

$1.16 (up 81.0%)

High

$1.19 at 9:30 a.m.

Close

$0.9653

The day before

On September 2, MIMI was quiet. It traded between $0.61 and $0.72 on 444,504 shares. The official close was $0.64.

Pre-market: the float traded by 8:09 a.m.

The first trade on the 3rd was $0.79, already above the $0.64 close. The first minute ranged from $0.69 to $1.09. By 4:06 a.m. it had slid to $0.73.

From $0.74 at 4:14 a.m. it ran to $0.92 at 4:34 a.m., then gave most of it back.

At 8:00 a.m. GlobeNewsWire ran two headlines. One read “CURRENC Capital and Mint Incorporation Limited (NASDAQ: MIMI) Announce Collaboration to Bring Mint's Nasdaq-Listed Shares Onchain”. The other was about the tokenization of Mint's Class A shares on Ethereum and Solana. A 6-K was filed at 8:02. The stock jumped to $0.87 in the 8:00 minute, and 522,161 shares traded. By 8:03 it was down to $0.71.

By 8:09 a.m., more shares had traded than exist in the whole float (13.75 million).

Then it climbed steadily. It reached $1.05 at 8:50 a.m., pulled back to $0.88 at 8:57, and made $1.09 at 9:17 a.m. The pre-market high was $1.17 at 9:29 a.m. 32.97 million shares traded before the bell. There were no halts all day.

The open and the top at $1.19

It opened at $1.16, up 81% from the previous close. The high so far, $1.19, came in the 9:30 minute. By the end of that minute it was at $1.06.

Two ask walls sat above, at $1.20 (seen from 9:30:04) and $1.15 (seen from 9:32:15). They peaked at about 1.2% and 1.1% of the float. It dipped to $1.01 by 9:32, then pushed again.

The bid at $1.10

From 9:35 a.m., someone was bidding for a lot of stock at exactly $1.10. By 9:36 it was one of the largest bids on the book, well over 100,000 shares.

It hit $1.15 at 9:36, a lower high under the $1.19 top. Then sellers started hitting the $1.10 bid. In 37 seconds, 234,355 shares traded at exactly $1.10 and the wall was gone at 9:36:54. It wasn't pulled. Sellers ran through it. By 9:37 the low was $1.01.

The bid at $1.00

A bid at $1.00 had been building since 9:21 and peaked at 167,707 shares at 9:39. An ask wall formed at $1.10 at 9:43. The stock sat between the two.

At 9:44:59 one sell order swept 154,102 shares from $1.02 to $1.00. 112,556 shares traded at exactly $1.00 in about half a second, and the wall was eaten. At 9:45:05 another sell order swept 86,043 shares from $1.00 to $0.97. The 9:45 minute traded 1.14 million shares and hit $0.93.

It bounced to $1.09 at 9:53 and did not trade higher than that over the next half hour.

Another bid, another break

Over the next half hour it chopped between about $0.99 and $1.09. From 10:09 a bid built at $1.01, peaking at 165,908 shares at 10:20.

That bid was eaten at 10:22:58. 158,234 shares traded at exactly $1.01 in the minute before. At 10:23:15 a sell order swept 97,567 shares from $1.00 to $0.96. Another sweep at 10:25:39 sold 86,122 shares, and the stock was at $0.93 by 10:25.

The rest of the day

It kept sliding to $0.90 at 10:33 a.m. and, after the open, a low of $0.82 at 11:30 a.m. Then it recovered: $0.93 by noon and $1.00 at 2:30 p.m. It ended the regular session at $0.97.

After hours it pushed back to $1.04 at 4:21 p.m.

28.9 million shares traded in the regular session, on top of 32.97 million before the bell. Together that is about 61.9 million shares, more than four times the float, and the whole day's 63.8 million shares was 53 times its normal volume.

What to take from it

• Big bids were not a floor this day. The $1.10, $1.00 and $1.01 bids were all large, and sellers ran through each in under a minute.
• After the top, the next push stopped lower. $1.19 at 9:30, then $1.15 at 9:36, and it never got back to those prices that session.
• The float traded over before the open. By 8:09 a.m. more shares had changed hands than the float holds.