#WCTToken $WCT $BTC
The WCT token price has dropped significantly today, with various sources reporting a decrease of around 6-9% in the past 24 hours. Here are some possible reasons contributing to this decline
- 1)*Profit-taking after a huge pump*: Early investors and whales might be booking profits after a significant 7x price surge, leading to a market correction.
- 2)*Panic selling*: High trading volumes, such as $500M+ on Upbit, can indicate panic selling, which may be contributing to the price drop.
- 3)*Lack of new updates*: The absence of new developments or announcements to support the hype surrounding WCT might be causing the price to decline.
- *Futures trading and shorting*: Extreme shorting and high trading volumes in futures markets can add to the downward pressure on the price.
Big reason is of 13 June jupitor WCT air drop and people followed the Profit..