Here’s the latest on WalletConnect Token (WCT):
📉 Price & Market Performance
• Trades around $0.306–0.313, down ~2–6% in the past 24 hours, and ~17–21% over the past week .
• Market cap sits between $57M–58M, with ~186M WCT in circulation out of a 1 billion supply .
• All‑time high was around $1.35–1.39 (May 30–31), so it’s currently roughly –77% from peak .
🚀 Key Developments
• Airdrop to Solana users: Planned for active wallets (Solflare, Phantom) and governance participants, boosting ecosystem expansion .
• Staking & governance live, enabling users to earn rewards and participate in protocol decisions .
• Expansion across chains: Integration on Ethereum, Optimism, and Solana with utility growing through wallet-to-dApp connections .
⚠️ Notable Risks & Volatility
• Surged from ~$0.28 to ~$1.37 in just two hours during late May, triggering heavy liquidations—indicative of significant volatility .
• Funding rates turned negative (as low as –2%), showing pressure from traders on exchanges .
💡 What Analysts & Traders Say
• Binance highlighted WCT as an under-the-radar utility token with long‑term potential rooted in Web3 infrastructure .
• On social feeds, some technical traders note a possible consolidation zone around $0.30, with resistance near $0.50–0.60, assuming adoption continues .
Summary Snapshot
Metric Value
Current Price $0.306–0.313
1D Change –2% to –6%
7D Change –17% to –21%
Market Cap ~$57M–58M
Circulating Supply ~186M of 1B total
All‑Time High ~$1.35–1.39 (late May)
⚙️ Bottom Line & Outlook
WCT is fundamentally tied to the WalletConnect ecosystem, powering secure wallet-to-dApp interactions across chains. With staking, governance, airdrops, and growing cross‑chain reach, it has real utility unlike many speculative tokens. That said, it remains highly volatile, especially following its rapid rise and correction.
If you believe in the long-term growth of Web3 and the WalletConnect network, WCT may be worth watching—especially in the $0.30 consolidation zone. But it’s essential to approach with risk management, given the harsh price swings and liquidation events.
Want deeper insights? I can pull specific exchange volumes, historical charts, staging forecasts, or details on upcoming airdrop dates. Just let me know!