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
#BTCWhaleMovement #SpotVSFuturesStrategy
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