Utility & Tokenomics

WCT powers the WalletConnect ecosystem—governance, staking, and unlocking platform incentives on Optimism (a Layer‑2 Ethereum network) .

Total Supply: 1 billion

Circulating Supply: ~186 million

Early history & Launch

Token launch: Feb 4, 2025 (initial unlock subject to community vote)

Binance Launchpool integration on April 10, 2025 sparked a ~12% price bump and surged trading volume 3× .

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📈 Price & Market Data

Recent price sits around $0.298 (24‑hour change: –0.33% to –0.74%) .

Market cap: about $55 million; Fully Diluted ~ $298 million .

Trading volume: ~$20 million daily .

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⚙️ Technical & On‑chain Trends

Historical performance

After consolidating around $0.30–$0.40, WCT surged past $0.60 in mid‑May and reached ~$1.10–$1.16 by late May (~200–270% month‑over‑month) .

A sharp correction followed—price dipped to ~$0.50–$0.60 .

Key levels

Support: $0.55–$0.60 zone—was prior resistance and now crucial .

Resistance: near all-time highs at $1.20+ if momentum returns.

Trader sentiment

Technical indicators vary: oscillators and moving averages sometimes neutral–bullish .

RSI and MACD spikes during events (like Launchpool) suggest short-term overbought conditions .

On‑chain & whale behavior

Whale movements: e.g. 2.5 M WCT transfer from a project-associated wallet to Binance sparked price swings .

The solana wider airdrop pushed institutional interest and broader liquidity

$WCT

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