That was never a thing. That only exists in fantasy sports.
Waiver priority is based on standings, always has, always will be. The only exception is the first month of the season where last season's standings are what determines the ranking.
But teams never "move to the bottom of the list" for a successful waiver pick up.
I checked, at least not since the 05’ lockout.
I do have some vague recollection that it used to be a thing before that. I could be wrong though.