WCT Faces 5.8% Drop After Solana Expansion, Airdrop Frenzy, and Surge in Liquidations

WCT is currently trading at $0.5718 on Binance, with a 24-hour open of $0.6070 and a price change of -5.80%, reflecting notable volatility and elevated trading activity. The recent price decline follows a period of heightened interest driven by the token’s expansion to Solana, a 5 million WCT airdrop, and new partnerships, which previously pushed WCT to all-time highs and increased transaction volumes. However, after this surge, profit-taking and increased liquidations—evident from reports of WCTUSDT long position liquidations and risk management discussions—have contributed to the sharp correction in the past 24 hours. Market sentiment has shifted to bearish in the short term, with technical indicators signaling caution amid high volatility and rapid capital flows.