WCT Up 30% in 24H — But Is a Sell-Off Coming?
While $WCT surged 30% in the past 24 hours, one quiet move might hint at institutional selling pressure ahead.
13 hours ago, wallet 0x19F0DBE35fF9a1d08cd8aE537231DBfdF77cCA67 received 2.5 million #wct (worth $2.34M) from WalletConnect's multi-sig address — and promptly deposited the tokens into Binance.
Notably, this same wallet also received 2.5M tokens during TGE a month ago. On-chain links trace back to Arrington Capital, raising speculation: Is this market-making, or exit liquidity?
With this size of movement during a price rally, smart traders will be watching the order books closely.