At @krakenfx , we know every coin has a story. For $MIM @mimcoinbtc, that story is about reviving one of the most iconic memes in crypto history: Magic Internet Money. In 2013, a subreddit moderator named theymos opened a thread asking for ideas for a Reddit ad for r/bitcoin. Within an hour, @mavensbot sketched a wizard holding a Bitcoin staff with the words “Magic Internet Money.” The community loved it. A few months later, the ad went live. The Bitcoin Wizard became more than a drawing, it became the mascot of a movement. The ad was Reddit’s most successful ever, helping propel Bitcoin’s rise from $27 to $1,132 and growing r/bitcoin from 10,000 to 100,000 members by 2014. The phrase “Magic Internet Money” captured the mood of the time. It was playful and strange, yet it perfectly expressed the mystery and excitement of Bitcoin’s early days. Over the years, the Wizard grew into a cultural symbol, reminding us that crypto is built as much on imagination and community as it is on technology. A decade later, @mavensbot returned to his legendary creation. This time, it was not just drawn, it was minted into a token: $MIM. $MIM had a fair launch as a BRC20 token in March 2023, migrated to the Runes standard in April 2024, and permanently closed migration in April 2025, with all non migrated supply sent to Satoshi’s wallet. The supply is 100 percent circulating, with no team allocations, no centralized vesting, and no hidden unlocks. The $MIM ticker is a direct tribute to the original “Magic Internet Money” slogan. It represents Bitcoin culture, history, and provenance, immortalized on chain by its original artist. Supporting $MIM is about more than trading, it is about recognizing and preserving the lore that shaped this industry. At Kraken, we understand the importance of Bitcoin tokenomics and the role memecoins and the on chain Bitcoin economy play in the network’s long term sustainability. That is why we back communities for the long term, supporting both their culture and their future. This is one of the reasons we listed $MIM Magic Internet Money, to help revive and carry forward a piece of Bitcoin history. From a Reddit ad to a global meme, and now to a token on the Bitcoin blockchain, this is how crypto’s story lives on. With $MIM, the Wizard’s magic continues. And with our support and the communities, so does the story of Magic Internet Money. The Bitcoin on chain economy revolution has only just begun.

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