WCT Plunges 41% After Solana Expansion Highs Amid Surging Volume and Intense Market Activity

WalletConnect Token (WCT) is currently trading at $0.6099 on Binance, down 41.59% over the past 24 hours with a 24-hour opening price of $1.0442 and extremely high trading volume. The sharp price decline follows a period of significant volatility, including a surge to an all-time high after the announcement of WCT’s expansion to the Solana blockchain and a major airdrop, which drove rapid price appreciation and increased staking activity. The subsequent steep correction appears to be driven by profit-taking after these gains, heightened trading activity, and possible liquidation events, as reflected in negative funding rates and intense market turnover.