Odaily Planet Daily reports that Wild World's token, WILD, plummeted 63.3% today due to a series of liquidations. Arthur Hayes posted on X, stating, "Please be fully aware of the risks of using leverage and debt in the DeFi space. This liquidation could have been avoided. That said, I'm grateful that it allowed me to accumulate some WILD tokens at a lower cost. I'm really looking forward to the official launch of Open World in December."
According to Wild World developer n3o, the recent flash crash of WILD was not caused by any security vulnerabilities or attacks, but rather by a chain of liquidations originating from the WILD PeaPods lending pool. The protocol was not hacked, no user funds were stolen, and Wild World's core systems did not malfunction. The liquidation is still underway, and the price is expected to stabilize once it is complete. The project still has sufficient reserves (12-24 months) to continue full-scale development, unaffected by token price fluctuations or recent fund inflows.
