WCT Plunges 46% After All-Time Highs as Profit-Taking Follows Solana Integration and Major Airdrop

WalletConnect Token (WCT) is currently trading at $0.6189 on Binance, reflecting a 46.36% decline over the past 24 hours, with trading volumes remaining elevated. The sharp price drop follows a period of heightened volatility and profit-taking after WCT reached all-time highs in late May 2025, driven by major ecosystem developments such as the Solana integration, a 5 million token airdrop, widespread exchange listings, and the introduction of staking. The recent correction is attributed to market participants locking in gains after rapid price appreciation, increased short-term trading activity, and broader sentiment shifts following the completion of high-profile events and incentives.