The cryptocurrency Waltonchain (WTC) has experienced a significant drop in value, with its market capitalization shrinking to $4.55 million. The digital asset, which integrates RFID technology with blockchain for supply chain management solutions, saw its price fall to $0.0515 or 0.00000136 BTC as of Wednesday, midday ET. This decline is part of a broader downward trend for WTC, which has seen a dramatic 66.7% decrease in value over the past week.
Waltonchain's trading activity has been robust despite the price fall, with $7.33 million worth of tokens changing hands. The project, launched on July 21, 2017, by Xu Fangcheng, has a total token supply of over 88 million tokens. These tokens are available for trade and utility within the Waltonchain ecosystem, which aims to enhance transparency in supply chain management through its innovative technology.
The broader cryptocurrency market has also faced volatility, with various tokens experiencing fluctuations. KILT Protocol, for instance, managed to gain nearly 4%, contrasting with Waltonchain's losses. Meanwhile, other cryptocurrencies like Aidi Finance (BSC) and Zoo Token saw declines of over two percent, with Kitty Inu posting an increase of around two percent. CareCoin, along with other smaller tokens, mirrored Aidi Finance's downturn. Lego Coin held steady at its price point, Lumi Credits saw minor growth, and AXIA Coin endured a slight reduction.
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