#WalletConnect is a wallet tool that supports QR code connections. Even if the computer does not have the wallet plugin installed, it can easily connect to the wallet on other devices by scanning the QR code. A month ago, when BMT listed on Binance, I began to wonder if #WalletConnect would also have a chance to be listed on Binance, and to my surprise, it really came true.
I first encountered @WalletConnect in 2019, and this project has been running steadily for many years, which is impressive for its long lifecycle.
Regarding the price expectation for WCT, this airdrop is very generous—anyone who has used the QR code feature of WalletConnect can receive an airdrop worth about $60. It should be noted that the issuance of WCT is influenced by the "halal culture" in the Ethereum community. Although the token was generated as early as last November, the team has adopted EigenLayer's "proposal activation mechanism" and has delayed for several months until today to officially open trading. This has also caused WCT to miss the best listing window.
Additionally, WCT's initial circulation exceeds 15%, and there is currently a lack of clear token use cases. In the current market environment, "generous airdrops + high initial circulation" often means that the token price is under pressure. In comparison to TWT, I believe WCT's reasonable upper limit is around $0.7, with certain risks of a pullback in the future.