WalletConnect Token ($WCT) Faces Sharp Volatility: A Warning for Investors

WalletConnect Token ($WCT) has recently seen dramatic price swings. After peaking at $1.3736 within 24 hours, the token quickly plummeted by more than 48%, hitting a low of around $0.561. Currently, $WCT is trading near $0.569, marking a slight 0.29% drop from its previous close.

This sharp pullback comes after a strong rally, where $WCT surged from roughly $0.20 in April to $1.39 by late May—an impressive nearly 7x increase in just over a month. However, such steep climbs are often followed by significant corrections.

Market analysts are urging caution, noting that unless $WCT can break back above the $0.85 resistance level, the downward momentum may persist. Given this level of volatility, investors should approach with care and remain updated on market developments.

$WCT is currently listed on major exchanges like Binance and OKX for those looking to track or trade the token. #Write2Earn