WCT Faces 4.3% Drop Amid Exchange Transfers Despite Governance Upgrades and Solana Integration

WCT (WalletConnect Token) is currently trading at $0.5229, reflecting a 4.30% decline over the past 24 hours, with the price remaining below key moving averages and exhibiting continued bearish momentum. The recent price drop can be attributed to ongoing market volatility, significant token transfers to exchanges, and a lack of immediate bullish catalysts, despite recent announcements of governance upgrades, Solana integration, and new incentive programs by the WalletConnect Foundation. The launch of Binance Square’s Write to Earn campaign and WCT token voucher rewards has not yet offset prevailing selling pressure, as broader altcoin weakness and recent large token movements continue to influence short-term price action.