#wct

$𝙒𝘾𝙏 𝙋𝙚𝙖𝙠𝙨 𝙖𝙩 $0.63, 𝙎𝙡𝙞𝙙𝙚𝙨 30%—𝙄𝙨 𝙒𝙚𝙗3’𝙨 “𝙑𝙞𝙨𝙖” 𝙏𝙤𝙠𝙚𝙣 𝙞𝙣 𝙏𝙧𝙤𝙪𝙗𝙡𝙚?

WalletConnect has quietly powered Web3 behind the scenes. The protocol connects decentralized apps (dApps) and crypto wallets together.

Now, with the launch of the network’s $WCT token, the project is stepping into the spotlight and facing its first market test.

$WCT debuted on April 15 with serious intent, quickly securing listings on top-tier exchanges, including Binance.

Binance, in particular, provided millions of users the opportunity to farm $WCT by locking $BNB, $FDUSD, and $USDC via its LaunchPool.

But, the transition from an established infrastructure to a tokenized ecosystem hasn’t gone as planned.

Despite a promising start, $WCT dropped from its initial price of $0.40 to $0.27, largely due to sell-offs by early airdrop recipients.

On April 16, the token experienced a sharp recovery, rallying to a high of $0.63 before cooling off, now trading over 30% below that peak.