💥$WCT Price Crash: Is WalletConnect Token Heading to $0.40?

What started as a powerful uptrend from $0.20 to $1.39 has suddenly flipped into a steep collapse. Panic has taken over, and now the big question is: was this a healthy correction—or a warning sign of something worse?

According to CoinMarketCap, $WCT saw its peak at $1.39 on May 30. But as of now, the token is trading near $0.42. In the past 24 hours alone, Upbit, South Korea’s biggest exchange, saw $558 million in WCT/KRW volume, accounting for 35% of global trades. Meanwhile, WuBlockhain also confirmed the same on its X account.

That’s massive—but not necessarily bullish. In fact, high volume during a crash usually signals mass exits.