【WCT/USDT Observation Notes | The Great Era of Wallet Protocols】

⚡ Data Snapshot (5-26 13:30 UTC+8)

Price: 0.64-0.67 Range Fluctuation

24h Transaction Volume: ≈116 Million USDT

Circulation/Total Supply: 186 M / 1 B (Circulation only 18.6%)

30 d Increase: +50 %

🚀 Why Focus on WCT?

1. WalletConnect is the 'USB interface' of Web3 - 600+ wallets, 40,000+ DApps, and 180 million connections have gone through its channel.

2. Decentralized nodes will be launched in 2025, and WCT will officially take on roles of Gas & Staking & Governance.

3. Binance Launchpool debut + Square writing incentives, the traffic window is still open.

📊 On-chain & Financials

・Staking addresses and weights have continued to rise for nearly 30 days, with the first month's staking annualized maintaining double digits.

・24h Volume/Market Cap ≈ 1.3, turnover is active; exchanges like MEXC and Gate are syncing to alleviate traffic.

・Airdrop/Incentive unlocking pace is moderate, and no continuous selling pressure has been observed yet.

📈 Market Overview

・After rising from a bottom of 0.20 to 0.78, it retraced to MA-25 (≈0.50) to stabilize, with a continuation of bullish arrangement.

・MACD is expanding above the zero axis, with volume moderately increasing; highs and lows are rising, and the trend has not been broken.

・Short-term resistance to watch at the 0.70-0.75 previous high area; 0.60 is a bullish psychological defense level.

🔍 Key Catalysts Ahead

✅ June node mainnet progress & Staking APR adjustment

✅ Wallet / L2 collaboration announcement (AA, Intent narrative synchronization)

✅ Large unlocks and more CEX listing trends

⚠️ Risk Reminder

・Only 18.6% circulation, subsequent unlocking may increase volatility.

・High Beta asset, if BTC breaks down, the decline may be amplified.

・Many competitors in the same track, need to pay attention to narrative rotation risks.