WCT Drops 4% Amid High Volume After Solana Expansion, New Partnerships, and Major Integrations

WalletConnect Token (WCT) is currently trading at $0.5404 on Binance, reflecting a 4.07% decrease over the past 24 hours with a 24-hour opening price of $0.5633 and high trading volume, indicating active market participation. The recent price decline follows a period of volatility, with the token dropping from $1.15 on May 30 to its current level, attributed to profit-taking after recent major developments such as WCT’s expansion to Solana, new partnerships with key Solana-based platforms, and Binance’s completion of WCT (ERC-20) integration. While these integrations and partnerships have generated significant community interest and increased accessibility, the market has responded with short-term bearish sentiment, likely due to rapid price appreciation in the days prior and subsequent correction.