WCT Surges 13% After Binance Listing, $75.7M Volume and Short Liquidations Drive Volatility

WalletConnect Token (WCTUSDT) has experienced significant trading activity and price volatility following its recent listing on Binance, with a notable net outflow of 283,000 USDT and substantial short liquidations around the $0.5131 level. The token's current price is approximately $0.5377, having reached a 24-hour high of $0.5763 and a low of $0.4804, supported by a trading volume of $75.7 million and a market capitalization of $106.82 million.

The recent price surge of +13.13% over the past 24 hours can be attributed to heightened market interest, technical breakouts near key resistance levels, and increased overall crypto market bullishness, as evidenced by Bitcoin's strong performance. High turnover and active trading, particularly around support and resistance zones, have contributed to the observed volatility and upward momentum in WCTUSDT. Broader positive sentiment across the cryptocurrency market and renewed interest in infrastructure-focused altcoins have further supported WCT's recent price movements.