Core Logic: Triple Engine Drives #WCT Rise

1. **Ultra-high Staking Yields Ignite Lock-up Demand**

WCT recently launched its staking feature, **with an APY of up to 900%**, far exceeding the market average! A large number of holders have chosen spot staking, leading to a sharp contraction in circulating supply. At the same time, shorts are forced to borrow coins to hedge against staking losses, further exacerbating short-term supply-demand imbalance—**under the dual effect of 'lock-up + short squeeze', the upward resistance is minimal**.

2. **Technical Indicators Complete Healthy Correction, Building Momentum for Breakout**

- Price started at $0.3, violently surged to $0.5, and then deeply retraced, with the current $0.58 becoming a strong support level;

- Daily moving average system is converging (50-day and 20-day are flattening), RSI remains steady in the neutral zone at 50, building momentum;

- Once it breaks through the $0.6 mark with volume, the upper space targets the previous high of $0.74.

3. **Ecological Value Supports Long-term Narrative**

WCT is the utility token of the Web3 core protocol **WalletConnect**, responsible for governance, transaction fee discounts, and other key functions. With the DeFi summer rebound in 2025 and a surge in Ethereum Layer 2 adoption, as the absolute standard for 'wallet-dApp connection layer', its value capture ability will increase exponentially.