#wct
This coin has almost all its chips in the hands of the major holders, with the project team holding over 99.7% of the supply...
It is the first 'centralized' coin among the mainstream institutional coins on exchanges...
Let's put it this way, the holding ratio is even higher than that of the oracle token ~ Trb.
Try to set stop-loss orders on contracts. Avoid spot trading, as there may not be an opportunity to escape during a downturn:
high coin dropped from 11 to 1 USD
Trb dropped from 630 to 110 USD a few years ago
Rune dropped from 5 USD to 1.2 USD last year
So, based on experience, you can open long positions on perpetual contracts and set a stop-loss in the opposite direction, and try to avoid spot trading. Especially later on, avoid spot trading even more.
Wct’s major holders possess almost 99.7% of the chips, so it is very 'strong'...
This explains why large pool coins like $slerf and $Why do not pump, because the coins are all taken over by retail investors, making it too risky for the major holders to pump the price, and the costs become even greater...