WILD plunges over 60% in a single day due to consecutive liquidations; Arthur Hayes announces he has bought the dip

Jinse Finance reported that the Wild World token WILD plummeted by 63.3% due to a series of liquidations. Arthur Hayes posted on X about this, stating: "Please fully understand the risks of using leverage and debt in the DeFi space. This liquidation could have been avoided. That being said, thanks for allowing me to accumulate more WILD tokens at a lower cost. I'm very much looking forward to the official launch of Open World in December." According to Wild World developer n3o, this flash crash of WILD was not caused by any security vulnerability or attack, but rather 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 systems of Wilder World did not experience any malfunctions. Liquidations are still ongoing, and it is expected that once they are completed, the price will stabilize. The project still has sufficient capital reserves (12-24 months) to continue full-scale development, unaffected by the token price or recent capital inflows.