- Oct 25, 2021
- Reaction score
Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High
On the first day of November 2021, Bitcoin.com News took a
Essentially, rebase token protocols adjust the token supply in a periodic fashion or when the price fluctuates. Olympus was once the largest
This past week was not a good time for rebase token investors, and discussions of losses and
“This is what happens when people fall for the ‘it cannot fall below backing’ metanarrative,” one user
During the last two weeks,
According to Wonderland developers, the team did leverage a token buyback. The Wonderland CFO 0xsifu
Several million has once again been used to buy below our backing price, returning the price to our intrinsic value. As a reminder: Unlike most others: Wonderland buys at the backing price.
Olympus Down 92% Since ATH, Ampleforth Jumps 63%
Wonderland lost 36.2% this past week, olympus (OHM) dropped by 43.2%, and
OHM is down more than 92% since the crypto asset’s all-time high nine months ago on April 25, 2021, at $1,415 per OHM. Despite the top three rebase tokens losing considerable value, the rebase coin
While the rebase token ampleforth did well this week, the rebase coins spartacus (SPA) and templedao (TEMPLE) saw double-digit gains between 11% to 25%. The rebase coins gravitoken (GRV), 8ight finance (EIGHT), and greenmoon (GRM) managed to stave off losses this past week as well. This weeks biggest rebase token losers include invictus (IN), redacted cartel (BTRFLY), rome (ROME), vesq (VSQ), and papa dao (PAPA).
What do you think about the massive losses rebase token project saw this past week? Let us know what you think about this subject in the comments section below.