WILD plunged over 60% in a single day due to a series of liquidations; Arthur Hayes posted that he had bought at the bottom.
the Wild World token WILD plummeted by 63.3% due to a chain liquidation. Arthur Hayes posted on X stating: "Please fully understand the risks of using leverage and debt in the DeFi field, this liquidation could have been avoided. That being said, I am grateful for being able to increase my holdings of some WILD tokens at a lower cost. I am very much looking forward to the official launch of Open World in December."
According to the description by Wild World developer n3o, the flash crash of WILD this time was not caused by any security vulnerabilities or attacks, but by a chain liquidation event originating from the WILD PeaPods lending pool. The protocol did not suffer a hack, no user funds were stolen, and the core system of Wilder World did not experience any failures. The liquidation is still ongoing, and once it is completed, the price is expected to stabilize. The project still has enough funding reserves (12-24 months) to continue full development without being affected by token prices or recent capital inflows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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