Binance Square [Creator Task Platform]

First Phase Activity Wallet Connect ($WCT )

[$WCT Recent Weekly Review | Data, Unlock Analysis]

WCT performed weakly from July 25 to August 1, with a weekly decline of 22.45%, significantly underperforming the market.

Despite WalletConnect launching several incentive activities (1inch collaboration, Solana airdrop, Learn & Earn), it failed to stop the price decline. Trading volume showed a decreasing trend, dropping from $167.8M at the beginning of the week to $28.0M by the weekend.

The good news is that there is no unlocking pressure from August to October, with the next large-scale unlocking not expected until November 15.

1️⃣ Trading Volume and Market Activity

-Key Data:

Weekly cumulative decline: -22.45% ($0.3985→$0.3091)

Market capitalization shrinkage: $74.19M→$57.56M (-22.4%)

Trading volume reduction: 83% ($167.8M→$28.0M)

WCT performs significantly worse than the market, with a decline 10 times that of BTC and 68 times that of ETH, indicating independent selling pressure on the project.

2️⃣ Core Events and Developments

-1. 1inch × WalletConnect "Swap-to-Earn" Event

Time Window: July 17 - August 6

Participation Method: Swap any token for ≥50 WCT via 1inch on the Solana network

Reward Pool: 50,000 WCT

25,000 WCT to be shared among all qualified addresses

25,000 WCT to be awarded to the top 50 based on trading volume 1inch blog

-2. Solana Ecosystem Expansion

Ledger Airdrop: July 30,

Ledger Flex™ Solana Edition SBT holders received a targeted airdrop (snapshot date July 20)

Ledger multi-round incentives: The official hinted that there will be more Solana-side incentive activities in the future ledger

3️⃣ Supply Structure (August 1)

Circulating Supply: 186.2M

Total Supply of WCT: 1B

Circulation Ratio of WCT: 18.6%

Current Market Capitalization: $57.56M

Fully Diluted Valuation: $309M

4️⃣ Unlocking Plan:

- Recent week unlocking situation (July 25 - August 1)

No unlocking events. All major allocations (team, investors, treasury, rewards) are locked until the first cliff expires in November 2025 tokenomist.

- Future 1-3 month unlocking plan (August - October)

No planned unlocks. The earliest unlocking time is November 15, so the circulating supply is expected to remain around 186M WCT (18.6% of total supply) before October.

[Creator Task Platform] Rewards

Include #WalletConnect and $WCT and mention @WalletConnect

The top 300 creators on the leaderboard will share 70% of the prize pool, and all qualified participants will share 30% of the prize pool.