When programmer Li Zhe bet all his savings on a 'meme coin' on April 15, 2025, no one expected that this mocked decision would create a wealth legend of $1.5 million within three months.
The Overlooked Technological Value
As the underlying protocol supporting millions of user wallets, WalletConnect's token WCT was once overlooked by the market due to its 'non-transferable' design. At the beginning of 2025, its price lingered around $0.6, and it was even referred to as 'the most useless token' by KOLs in the crypto community. However, Li Zhe keenly realized that once the ecosystem matures, governance rights would become a scarce resource—this is precisely the hidden core value of WCT.
The Triple Catalysts That Ignited the Market
Airdrop Ignites the Fuse
On May 16, 2025, the social protocol Farcaster airdropped WCT to a million users, with the maximum received by a single address being 14.5 tokens. Although the airdrop value was only $7, it marked WCT's first appearance on CoinMarketCap's trending list.2.The Frenzy of South Korean Capital
On May 20, the Asian market suddenly gained momentum. Data from Upbit showed that the trading volume of WCT/KRW skyrocketed to 26.9% across the network, with the price breaking from $0.62 to $0.75. South Korean investors chanted in the community that 'WCT is the next KLAY.'5.The Carnival During the Regulatory Vacuum
On June 13, the price of WCT soared to $3.13 on Upbit, a staggering increase of 504% from its issuance price. This carnival, led by retail investors in South Korea, lasted until June 19, when the trading volume exceeded 188 million RMB, and the price peaked at $3.37.6.
Investment Revelation
The gap in cognition is wealth: the value discovery of WCT stems from a deep interpretation of the governance potential of 'non-transferable tokens,' which requires technical insights that penetrate market noise.
Regional Opportunities: South Korean exchanges contributed over 26% of the trading volume, proving that regional market sentiment may dominate the short-term trends of tokens.
Top-Taking Discipline: At the end of June, new SEC regulations caused WCT's price to plummet to $1.68, but Li Zhe took profits at $3.0, perfectly avoiding the risk of a crash.
The essence of this comeback is the resonance between technological faith and market cycles. As Web3 infrastructure evolves from a tool to a power hub, WCT's story may just be the prelude to a new round of value reassessment. True miracles do not belong to gamblers, but to those who see the future when no one else does.