A depeg is when a stablecoin or pegged asset trades meaningfully away from its target price.
Depegs can be temporary liquidity events or structural reserve failures. They cascade through DeFi collateral.
In research workflows, Depeg is usually interpreted with Peg, Stablecoin, Liquidation, and Risk management rather than as a standalone signal. Compare circulating float, unlock overhang, and where size can actually trade before trusting a breakout headline.