$WCT

Sharp decline after sharp rise in price. 🚨

🔍 What’s happening?

Price: 0.4883 USD (down more than 50% from its recent peak)

Recent peak: around 1.20 USD before a sharp sell-off

24-hour decline: -9.51%

Structure: Classic pump and dump pattern

🧠 Possible reasons:

Low liquidity altcoin: prone to high volatility

Whale exit or coordinated dump: long red candles indicate massive selling pressure

Unstable support level: price collapsed through multiple previous support levels

Fading speculative hype: quick gains followed by quicker losses

⚠️ Warning

This type of chart usually indicates a rug pull, manipulated pump, or unsustainable hype cycle. Be very cautious when re-entering unless there’s strong support, confirmation on trading volume, or clear fundamentals for the project.