2026-01-02 16:20:16

Friends still holding WCT, now might be a good time to reconsider your holdings. I've been in this industry for over 8 years, seen many cases of false prosperity, but the current signals are indeed worth being cautious about.

A project that has fallen 17 times from its high suddenly shows a derivatives trading volume of 460 million USD, which sounds like a rebound. But the reality might not be that simple.

Many people don't understand why a project that has dropped so sharply still maintains such high interest. The logic is straightforward: trading volume does not equal actual demand. Especially for projects like WCT that lack real-world application scenarios, high trading volume often just signals activity, attracting retail attention. But for what purpose?

Let me break down some details.

**Abnormal Trading Volume Structure**

Spot trading volume is 20 million USD, while derivatives are 460 million USD. Calculating the ratio—derivatives are 23 times the spot volume. How outrageous is this number? For normal high-quality projects, spot and derivatives trading volumes tend to stay relatively balanced. Such a high proportion of derivatives usually indicates what? The project team is leveraging borrowed funds to create a false sense of prosperity, with tactics to inflate the price clearly visible.

**Historical Patterns Are Clear**

Looking back at WCT's past data, a very obvious pattern emerges: after each surge in volume, the price crashes within 3 to 4 days at most. Why? The project team doesn't have genuine funds to sustain the rally, only short-term volume increases to attract retail investors to buy in. Once the investors are in, they sell off to cash out, completing the harvest. This isn't the first time, nor will it be the last.

**Risk Signals Are Already Very Clear**

Projects without real-world applications, sudden abnormal fluctuations in trading volume, combined with recurring cyclical patterns in history—these factors together light up the warning signals. Retail investors need to stay alert and not be fooled by superficial hype.

WCT4,8%

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TestnetScholar

· 9h ago

23x leverage, this is not a rebound signal, it's a harvest signal, brother.

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BlindBoxVictim

· 10h ago

The 23x derivatives ratio, I just laughed. Isn't this just naked manipulation to pump the market? --- Here we go again? Every time it's a 3-4 day rebound followed by a straight drop. I've already been caught once. --- Still daring to mess around without practical application scenarios, do they really think retail investors are just chives? --- Damn, I didn't see this analysis when I entered the market. It feels uncomfortable now. --- Derivatives 23x versus spot? As soon as this data came out, I knew what was going on. --- Wait, is the pattern he's talking about really accurate? It feels like it's always the same. --- To the sisters holding WCT, you better be more cautious. --- Why do some people still believe this thing can rebound? --- I've seen this false volume hype so many times; everyone got burned here. --- The pump-and-dump tactics are exactly the same, it's boring.

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GhostInTheChain