1. WalletConnect is an important infrastructure for Web3 that is seeing increasing adoption and expanding into institutional finance, securing billions in weekly stablecoin value.
2. The price of WCT has risen by about 4.12% in the past 24 hours, supported by a bullish MACD and short-term EMA crosses, although it is still in a long-term downward trend.
3. A significant portion of WCT tokens is still locked, which poses a potential future selling pressure, reflected in a stark contrast between its market value and fully diluted valuation.