Many people have been discussing the trend of $WCT these days:
From the repeated sideways movement around 0.29, to the divergence of sentiment, it seems 'unable to be pushed up', but I saw several completely different signals:
1. Trading volume has significantly decreased, and turnover rate is declining.
This is not a case of 'no one is watching', but rather a normal process of early sentiment cleansing.
The key to stable token prices is: switching from 'pure airdrop faction' to 'content incentive faction' after the turnover.
(WCT already participated in the Binance Creator Program platform in mid-June)
2. Airdrop pressure is gradually being released.
According to on-chain data, a large amount of funds have already flowed out from the airdrop addresses distributed earlier.
So what remains are those who are truly continuing to engage and create.
This means that the incentives are starting to shift towards 'behavioral value' rather than 'pure holding', which is a good thing❗️
(As of today, 32,477 people have participated)
3. Protocol usage continues to occur, but there is no hype for speculation.
WalletConnect itself does not create concepts; it is genuinely serving the underlying actions of wallet connections, DApp interactions, and DePIN communications.
Every connection behavior happening on-chain may represent its usage scenarios.
Not seeing trending searches does not mean no one is using it.
If the answer is affirmative, then it is worth continuing to observe.
Not for speculating on tokens, but for participating in the construction of a value closed loop.
