#WalletConnect

There’s been some troubling developments recently about $WCT . Here’s a clearer breakdown @WalletConnect :

1. Flash Crash of over 60%

Not long after strong initial interest, $WCT crashed over 60% in just hours, dropping from ~$1.30 to ~$0.50. The crash triggered panic selling, and concerns about price manipulation quickly followed .

2. Whale Dumps & Exchange Inflows

Early investors and airdrop recipients flooded exchanges like Binance with millions of $WCT — including a 4 million-token transfer by GSR Markets worth ~$1.6 million — which accelerated the crash .

3. Severe Price Discrepancies

WCT has experienced 20%+ price differences between major exchanges like Binance and OKX, making it vulnerable to arbitrage and speculative spikes — which amplifies volatility .

4. Allegations of Manipulation & Insider Dumps

• Social media suggest orchestrated pump-and-dump schemes via Telegram/WhatsApp .

• Leakage about early investor and insider allocations that may have unlocked early, leading to suspected coordinated selling .

5. Scam & Phishing Threats

There are fake “WCT airdrop” websites scamming users into sending ETH, leading to users losing funds. These are not affiliated with the official WalletConnect network