WCT Plunges 50% Amid High Volatility After Solana Expansion, Airdrop News, and Market Correction

WalletConnect Token (WCT) is currently trading at $0.6114 on Binance, reflecting a 24-hour decline of 50.82% from an opening price of $1.2433, with trading volumes ranging from $1.89 billion to $2.3 million depending on the exchange and a market capitalization of approximately $118.2 million. The sharp price drop in the last 24 hours follows a period of high volatility and recent rallies driven by WCT’s expansion to the Solana ecosystem, a major airdrop announcement, and increased attention from both traders and institutional participants; however, profit-taking after the all-time high, broader market corrections, and shifting sentiment have contributed to the rapid sell-off and intraday price swings observed.