The WalletConnect Token (WCT) has emerged as a notable player in the Web3 connectivity space following its April 2025 launch. Designed to power the WalletConnect protocol—a widely adopted standard for connecting wallets to decentralized applications—WCT has quickly gained traction due to its real-world utility and strong developer backing. Within weeks of launch, the token surged over 270%, reflecting high market enthusiasm and robust trading volumes exceeding $600 million daily.

WCT’s value proposition lies in its integration across multiple chains and its role in enabling secure, seamless wallet-to-dApp interactions. The token supports governance, staking, and protocol fees, making it a core component of the WalletConnect ecosystem. Recent expansions to networks like Solana and strategic exchange listings have further boosted visibility and adoption.

Despite its rapid ascent, WCT has faced scrutiny. Analysts have flagged concerns over a recent issuance of 25 million shares at $0.40—well below the market price at the time—which raised questions about valuation practices and transparency. Additionally, aggressive marketing in private groups has drawn comparisons to past pump-and-dump schemes, prompting calls for caution among retail investors.

Still, WCT’s long-term outlook remains cautiously optimistic. Forecasts for late 2025 range from $1.50 to $2.00, contingent on continued ecosystem growth and broader market conditions. As WalletConnect cements its role in the Web3 infrastructure stack, WCT could evolve into a foundational asset—provided it maintains transparency and delivers on its roadmap.