Prices of tokens created by Daniele Sestagalli, one of the developers of Avalanche-based money market Wonderland, fell as much as 22% in the past 24 hours amid drama around Wonderland’s cofounders. By shauryamalwa
Prices of TIME fell to as low as $290 on Thursday.
In the past 24 hours, Popsicle Finance’s ICE fell 22%, Wonderland’s TIME fell 15%, and Abracadabra’s SPELL dropped 15% to lead losses among altcoins in an otherwise sideways crypto market, data showed. Prices of TIME, one of the most popular Sestagalli projects, reached lows of $261 during U.S. hours on Thursday before recovering to $330 in European morning hours on Friday. Prices are down 96% since lower all-time highs of just over $10,000 in November 2021, when TIME reached a market capitalization of $2 billion.
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