🔹 $WCT Rises with Solana Momentum❗

@WalletConnect Token WCT gained 1.5% in 24h, supported by Binance’s Solana integration and renewed market positioning around multichain narratives.

🚀 Key Drivers:

• Binance enabled WCT deposits/withdrawals on Solana (July 10), boosting accessibility.

• Airdrop of 5M WCT to Solana users added momentum.

• Technical bounce after a 46% drop from June highs.

📊 In-Depth Look:

1️⃣ Binance x Solana Boost

WCT is now compatible with Solana’s fast, low-fee infrastructure—ideal for DeFi users.

Binance’s dominance in spot markets (~34%) further amplifies visibility and liquidity.

2️⃣ Ecosystem Support & Utility

WCT’s Solana airdrop (announced June 13) attracted Phantom, Backpack, and Jupiter users.

Growth of features like Smart Sessions and partnerships with Visa/Crossmint expand long-term utility.

3️⃣ Technical Snapshot

• RSI (14D) recovered from 22.6 to 35.1

• Price found support at $0.3097 (Fib 78.6%)

• Resistance sits at $0.379, while 7D MA at $0.3218 suggests stabilization.

• Volume dipped 15%, but trend shows recovery.

📌 Takeaway:

WCT’s short-term rally reflects multichain positioning and exchange-driven hype. Still, investors should monitor high FDV ($442M) vs. market cap ($55M) and whether Solana adoption can sustain demand—especially with 80% of supply still locked.

#WalletConnect