Quick summary$WCT
WalletConnect Token (WCT) benefits from trading momentum on exchanges and ecosystem deals, despite current market volatility. Here are the latest updates:
Listing of WCT on Coinbase through the Optimism network (August 14, 2025) – Trading began after liquidity verification, expanding access to traders in the United States.
Partnership with the Global Dollar Network (August 13, 2025) – Joining the Visa-backed stablecoin network to enhance payments across various blockchains.
Testing major technical support (August 14, 2025) – Traders are monitoring the $0.3165 level after a weekly decline of 6.87%.
Detailed analysis
1. Listing of WCT on Coinbase through the Optimism network (August 14, 2025)
Overview:
Coinbase has allowed WCT trading through the Optimism network after confirming the availability of required liquidity. This came after Coinbase announced the listing of WCT in its plan on August 12, leading to an initial increase in the coin's price by 11%.
What this means:
This is somewhat positive for WCT, as listings on exchanges typically improve liquidity and visibility, but the coin's price later declined by 6.87% over 24 hours until August 18. The Optimism integration aligns with WalletConnect's multi-chain strategy, but it faces competition from other new coins.
2. Partnership with the Global Dollar Network (August 13, 2025)
Overview:
WalletConnect joined the Visa-backed Global Dollar network, facilitating stablecoin payments across Ethereum, Solana, and Injective networks. The partnership leverages WalletConnect's over 337 million historical connections to expand the use of the USDG stablecoin.
What this means:
This is a long-term positive development for WCT, as deep integration with institutional payment systems can increase demand for protocol fees. However, the impact on price in the short term is limited due to the overall market decline.
3. Testing major technical support (August 14, 2025)
Overview:
WCT faces critical support at the $0.3165 level (99-day moving average), after a 49.94% drop since its peak in May 2025. Analysts note resistance at $0.3766, and breaking this level could indicate a recovery, while failure could lead to a drop towards $0.2674.
What this means:
The situation is neutral to negative in the short term, as a trading ratio of 0.64 (high liquidity) did not prevent recent selling pressure. A 43.34% increase in trading volume over 24 hours reflects volatility in sentiment ahead of testing key support.
Summary
The WCT ecosystem (Coinbase, GDN) is growing despite weak price movement, reflecting a balance between adoption momentum and challenges in the altcoin market. With 90% of the total supply of one billion coins locked, the question remains: Can protocol usage overcome dilution risks as trading of coins increases?
