I’ve been going back and forth on $WCT , and if you’re in the same boat, I get it. On the surface, it looks bullish — Solana integration, Binance support, a juicy 5M token airdrop… plus that 22% APY on staking? Not bad at all.
But here’s the part that makes me pause: over 80% of the supply is still locked. We’re talking 1B total tokens, and only 186M are out right now. That’s a huge unlock hanging over us. The fully diluted valuation is around $639M, but the market cap? Barely $64M. That gap is wild.
If you’ve been in this space long enough, you know how this usually goes — short-term pumps from airdrops, followed by slow bleed if the utility doesn’t catch up.
That said, WalletConnect isn’t just hype. It powers 600+ wallets and 66K+ apps, and now they’re rolling out AI-based Smart Sessions. You don’t build that kind of infra overnight. Add in partnerships with Visa and Crossmint, and yeah — long-term potential is there.
But the question is — can the adoption grow faster than the inflation?
I’m staying cautious here. Not fading it, but not aping either. Let’s see how WCT holds up post-airdrop once the hype cools off.
You in or sitting this one out?
