$WCT has reached 1.3. After more than twenty days of trying to wash out retail investors, it's almost done (including me).
WalletConnect has been quite successful. Between checking qualifications and the opening, there were several months where the team conducted multiple public sales, selling a lot of tokens at a price of 0.02. Then, when it opened, they directly poured it in, crashing the price to around 0.03 and maintaining it for a night, forcing retail investors to give up their tokens close to the public sale cost price. After a simple wash, combined with good news of the listing on Upbit, it directly surged to 0.06. After this wave of good news, they continued to wash and accumulate tokens, slowly bringing it back down to 0.03 after about twenty days. At this point, the final washing and accumulation work was completed.
Next, relying on its strong demand in Web3 infrastructure, they continued to pump the price while announcing airdrops for SOL users, completing the surge. When the price approached 1.0, they released negative news while charging coins to the exchange, luring retail investors to short, while actually continuing to pump the price using the shorts as fuel.
In summary, the reason WCT can rise so high is not only because the operators are very experienced, but also because WCT itself is a strong infrastructure in Web3.
