$WCT

According to CoinGlass data, the surge in WCT prices also triggered an increase in short call activity, with open interest recorded at over $90 million. Although the funding rate briefly dropped to 0.2% below zero, recent data shows a positive movement with funding only 0.12% below zero — indicating that market participants' optimism is starting to strengthen.

The increase in WCT occurred amid a global cryptocurrency market downtrend, which on the same day recorded a capitalization decrease of 2.6% to $2.63 trillion, according to CoinMarketCap.