WCT Sees High Volatility After Solana Launch, 5M Airdrop, and Major Exchange Transfer

WalletConnect Token (WCT) is currently trading at $1.0571 on Binance, with a 24-hour price decline of 12.10% and exceptionally high trading volume, reflecting significant recent volatility and strong market interest. The major drivers of recent price movements include the launch of WCT on Solana with a 5 million token airdrop, a transfer of 2.5 million WCT to a major exchange, and the addition of Jupiter stakers to the airdrop list, which initially led to sharp price surges of up to 30% and 11% on May 28 and May 29, respectively, before the subsequent correction observed in the past 24 hours.