The wave of plummeting at $WCT around midnight, just a few points
Large investors dumped at around 3 AM, and suddenly there were large transfers on the chain, with several addresses transferring a huge amount of WCT to exchanges. Such midnight raids are likely from teams or early investors who know the inside information and are cashing out.
Another issue is the poor liquidity; WCT itself has low trading volume, and the order book is as thin as a sheet of paper. When a large order is dumped, there is simply no one to take it, causing the price to free-fall.
This has also been a project I have been paying close attention to. After reaching a high of 1.38 at the end of last month, it started showing significant signs of selling pressure. I began tracking the holdings of large investors and found that they were concentrating on selling. Therefore, I, along with some friends, chose to enter short positions in batches at the range of 0.98-0.46, as expected, reaching the target of 0.62-0.42.
Continuously monitoring: TRUMP DOGE SUI SOL DEGO WCT PEPE XRP
