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Time Wonderland, an ohm fork that promised 80,000%+ APY returns, has fallen 95% in value from 10,000+ to 500 and is collapsing as I type this.

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by COINS NEWS 273 Views

Daniele's wonderland project is in full blown collapse, falling 50% today after already plummeting over 90% from its highs. Color me shocked that a project that promised 80,000% apr turned out to be a complete rugpull. The cherry on top is that after falling so much, the creator, Daniele, decided to airdrop huge quantities of this token to a bunch of FTM holders as part of his ve(3,3) promotion, whomst immediately sold and is part of the reason of this current freefall.

@danielesesta has gone private on twitter and word is he backdoor sold all his holdings in the last few days by putting his shares into Abra, borrowed MIM against it, transferring it to eth, swapping it for USDT, and exiting via bitfinex.

Complete rug LOL

submitted by /u/drhuehue
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