Wonderland’s TIME Sets Low of $420 After Liquidation Cascade

Wonderland’s TIME Sets Low of 0 After Liquidation Cascade
Wonderland’s TIME tokens slid to a record low on Wednesday, falling as much as 40% in 24 hours to just under $420 in Asian hours.TIME has lost 95% from its November peak of $10,000, becoming one of the worst-performing cryptocurrencies in the past few months during a broader decline that saw bitcoin, ether and other major cryptocurrencies reach prices last seen in mid-2021.Theories in crypto circles behind the sell-off included Wonderland developers selling part of their holdings and the unwinding of positions of overleveraged traders.Liquidations occur when a trader has insufficient funds to keep a leveraged trade open. While these…