It is well-known that, in a certain parameter regime, the so-called McKean-Vlasov evolution $ (μ_t)_{t\in [0,\infty)} $ admits exactly three stationary states. In this paper we study the long-time behaviour of the flow $ (μ_t)_{t\in [0,\infty)} $ in this regime. The main result is that, for any initial measure $ μ_0 $, the flow $ (μ_t)_{t\in [0,\infty)} $ converges to a stationary state as $ t\rightarrow \infty $. Moreover, we show that if the energy of the initial measure is below some critical threshold, then the limiting stationary state can be identified. Finally, we also show some topological properties of the basins of attraction of the McKean-Vlasov evolution. The proofs are based on the representation of $ (μ_t)_{t\in [0,\infty)} $ as a Wasserstein gradient flow. Some results of this paper are not entirely new. The main contribution here is to show that the Wasserstein framework provides short and elegant proofs for these results. However, up to the author's best knowledge, the statement on the topological properties of the basins of attraction is a new result.