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WCT briefly accelerates to fall below $1, dropping over 26% in one hour

WCT briefly accelerates to fall below $1, dropping over 26% in one hour

Bitget2025/05/31 10:14
WCT-0.08%

According to a report by Jinse Finance, market data shows that WCT experienced a rapid decline, dropping from $1.37 to below $1 within an hour, currently priced at $1.01, marking a 26% decrease in one hour. The market is highly volatile, so please ensure proper risk management. Previously, according to monitoring by ai_9684xtpa, address 0x19F...cCA67 received 2.5 million WCT from the WalletConnect project's multi-signature address and transferred them to a CEX, valued at $2.34 million. This address also received 2.5 million tokens during the token TGE a month ago, and tracing the funds back may be related to Arrington Capital, but it is unclear whether the tokens will be used for market making or selling.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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