$WCT

The WCT/USDT pair crashed over 50% from $1.37 to $0.55 on May 31, 2025, due to a combination of factors. A rapid 7x price surge from $0.20 to $1.39 triggered profit-taking by early investors and whales, leading to massive sell-offs. High volatility, amplified by Upbit’s significant trading volume, caused a cascade of liquidations. Negative sentiment, possibly from rumors or lack of buyback interest, fueled panic selling. Technical indicators, like bearish divergence and overbought RSI, signaled a reversal. The absence of strong support and airdrop-driven hype fading further exacerbated the sharp decline.