“Evanesco! » – While the LUNA sign of Earth fell by almost 27%, the panic around the MIM stablecoin is gaining momentum. In fact, after the announcement of definancing of the asset, the Magic Internet Money is in chaos. L’QuadrigaCX case will it cause collateral damage to the entire Wonderland ecosystem?
wonderland drama
the SPACE there lost 27% in its value since last week. it dizzy fall added to 32% lost compared to the token’s historic high reached at the end of December 2021. LUNA has however outperformed the market during the downtrend in the cryptocurrency market in December 2021. The value of the asset further experienced a meteoric rise of 133% to its ATH. In one week, the price of the token PERIOD also from about 1,000 to $385.
The Magic Internet Money (MIM) stablecoin, meanwhile, has lost more 40% of its money. In fact, its funding ranges from $530 million to approx $300 million at CurveFinance. The reason for this confusing fall is probably related to crypto news. Some information reveals that wonderland developers be involved inQuadrigaCX scam date from 2019.
Many DeFi Wonderland protocol projects – which is the best known of the forks ofOlympus DAO (OHM) – related to the project Abracadabra (spell). It is actually a cryptocurrency based on the Magic Internet Money (MIM) stablecoin. If not, the commotion around this token is fueled by the fact that all the assets of this ecosystem (MIM, LUNA and TIME) work together.
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In the Wonderland circus, “0xSifu” is not a mime
On January 27, 2022, the crypto-detective zachxbt.eth revealed, on Twitter, that there are discussions with the creator of Wonderland. These exchanges reveal the true identity of 0xSifu, the CFO (financial director) of the project. as we talked about it A few days ago, the wonderland treasurer was known as the mad hatter of the industry.
In effect, Daniele Sestagalli has reportedly confirmed that 0xSifu is the co-founder of the defunct Canadian exchange QuadrigaCX. The boomers will remember the sad story of the exchangesince recognized as a cunning in the form of ponzi scheme.
the liability at the moment available at REGULATIONS. But, the size organic and poorly regulated in the cryptocurrency market makes it extremely sensitive to these types of discoveries. the volatility digital assets have some advantages for trading. On the other hand, when he found himself overwhelmed with this kind of information, strong decline is to be expected. Currently, the price of the tokens involved in the Wonderland project is paying the price. In the cryptosphere, this is called FUD for fear, uncertainty and doubt (fear, uncertainty and doubt).
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