#WCT

WalletConnect-Linked Address Transfers $2.34M in WCT to Binance

An address associated with the WalletConnect project has transferred 2.5 million WCT tokens—valued at approximately $2.34 million—to Binance, according to on-chain analyst @ai_9684xtp.

The address in question, 0x19F...cCA67, received the tokens from WalletConnect’s multi-signature wallet around 8 hours ago. Notably, this same address also received 2.5 million WCT during the project’s Token Generation Event (TGE) one month ago.

While the exact purpose of the transfer remains unclear, historical ties suggest a potential connection to Arrington Capital. However, it has not been confirmed whether the tokens are intended for market-making activities or a direct sale.