40 million was on binance launchpool. 6.5 millionwere on okx event and also around 30 to 40 million are staked and locked and then liquidity pool on all the exchanges

WCT is currently facing three major issues:

First is the liquidity trap. Its total supply is 1 billion tokens, but only 2% (about 20 million tokens) were released on the Launchpad, with most tokens still held by the project team and early investors. When withdrawals are opened on April 16, there may be more selling pressure, intensifying market tensions.

The second issue is the disconnect between technology and the market. Although WCT is a cross-chain wallet ecosystem governance token based on the Optimism Layer 2 network, which theoretically can support efficient connections for cross-chain DApps, the market demand for cross-chain protocols has not yet truly exploded, and many application scenarios remain at the conceptual stage.

The third is the risk of speculative bubbles. The concentration of exchanges listing it has caused its turnover rate to soar to 566.92%. After a large influx of retail investors, situations similar to Binance's listing of the Neiro token may occur, where it skyrockets by 20 times only to then plummet by 90%.

#巨鲸动向 #币安Alpha上新