WCT (WalletConnect)
🟢 Should you buy now? or not?
📉 What caused the crash?
Flash crash on May 30–31, 2025: WCT plummeted from ~$1.39 to ~$0.51—over a 60% drop in hours—likely triggered by a liquidation cascade and large-scale whale sell-offs amid escalating volatility .
Lack of transparency: WalletConnect’s team offered little explanation post-crash, damaging investor confidence .
Profit-taking: After the token launch via Binance Launchpool and exchange listings, early recipients and insiders offloaded portions of their holdings, suppressing the price .
🟢 Should you buy now?
Option 1: Buy the dip (Speculative strategy)
If you’re a high-risk investor and believe in WalletConnect’s long-term roadmap, consider buying if WCT dips below $0.60–$0.70.
Set tight stop losses and limit allocations—volatility is still high .
Option 2: Wait for stabilization (Cautious approach)
Watch for confirmed support around $0.60 and improved communication from the WalletConnect team.
Re-assess once volatility calms and more fundamentals (e.g. roadmap, unlock schedules, partnerships) become clearer.
Option 3: Skip it (Risk-averse investors)
If exposure to token utility risk, dilution, and potential competition worries you, it might be wise to stay out or limit exposure until the project proves itself.
✅ Bottom line
WCT’s crash signals both high-risk and high-reward territory:
High-risk: extreme volatility, dilution, and unclear token utility.
Speculative upside: price could rebound if Web3 adoption grows and token demand picks up—some forecasts even project potential 2–5x gains into 2026–2030 .
Recommendation: If your risk appetite allows, buy a small position below ~$0.60–0.70, with tight risk controls. If undervaluation or project fundamentals aren’t compelling enough, stick to observation mode until stability and transparency return.
