BlockBeats News, May 31st, according to HTX market data, WCT experienced a brief accelerated decline, dropping from $1.37 to below $1 within 1 hour, currently trading at $1.01, a 26% drop in 1 hour.
BlockBeats previously reported that on May 28th, according to ai_9684xtpa monitoring, the address "0x19F...cCA67" received 2.5 million WCT from the WalletConnect project's multisig address and transferred it to Binance, worth $2.34 million. This address had also received 2.5 million tokens at the token generation event (TGE) one month ago, with past fund traceability related to Arrington Capital. It cannot be confirmed whether the tokens will be used for providing liquidity or for selling. Additionally, according to HTX market data, WCT broke through $0.97 today, currently trading at $0.93, a 29.3% increase in 24 hours.
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