WCT stands for WalletConnect Token, the native token of the WalletConnect Network, which enables users to seamlessly connect wallets to dApps across major chains like Ethereum, Solana, and Optimism  .
• It launched via an IEO in February 2025, initially priced at $0.20, and soared to a peak of $1.35 on May 30, 2025—a ~6.7× gain .
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🔍 Current Performance Snapshot
• Price: ~$0.32 (down about 1% in the last 24 hours) 
• Market Cap: ~$59–62 million, with ~186 million tokens in circulation out of a max 1 billion supply 
• 24‑Hour Volume: $50–100 million, showing strong liquidity ()
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⏳ Recent Trends & Outlook
• The token peaked at $1.35 on May 30, then retraced ~76% to current levels .
• Recent data shows a -1% daily drop but +2–4% weekly gains .
• The Fear & Greed Index sits in “Greed,” while sentiment remains slightly bearish — common during volatility after a big run-up .
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🚀 Why WCT Matters
1. Core Infrastructure Token: Powers the WalletConnect ecosystem—facilitating wallet-dApp connections, governance, and staking functions .
2. Multi‑Chain Reach: Works on Ethereum, Solana, Optimism, and other chains—boosting its utility and adoption ().
3. High Liquidity: Heavy trading volume with listings on Binance, Kraken, MEXC, etc. .
4. Governance & Staking: Token holders vote on upgrades and node incentives while earning staking rewards ().