@WalletConnect #WalletConnect $WCT
I still recall that April morning the crypto world buzzing, Twitter threads lighting up, and a new token debut that seemed calculated to shake the foundations of Web3 connectivity. That token: WCT (WalletConnect Token). Over the ensuing months, WCT would ride wild waves soaring, crashing, then attempting to steady itself. Its journey in 2025 offers a microcosm of what can go right and wrong in token launches built around infrastructure.
Chapter 1: Dawn From Infrastructure to Token
WalletConnect was already a household name in Web3 circles the familiar blue logo popping up whenever you connected your wallet to a dApp. It had long positioned itself not just as middleware, but as a backbone for cross-chain and multi-wallet interoperability.
In 2025, the project took the next step: launching WCT, a native token meant to align incentives, decentralize governance, and possibly bootstrap future protocol fees. According to Binance Academy, WCT is an ERC-20 token with a total supply of 1 billion WCT.
When Binance announced that WCT would be the 67th project on its Launchpool, the community took notice. The token’s launch involved staking BNB, USDC, or FDUSD to farm WCT rewards from April 11 to 14, 2025. 4% of the total token supply (40 million WCT) was allocated for Launchpool rewards.
On the Binance listing, WCT began its life in the market with an initial circulating supply of ~ 186.2 million tokens (about 18.62% of the total). Binance also announced that WCT would be supported on many of its services: Simple Earn, Convert, Margin, Futures, and more.
With that infrastructure in place, the stage was set for price discovery.
Chapter 2: Ascend The Early Rally to Peak
WCT’s early weeks were explosive. From its listing in mid-April, the token gained rapidly leveraging hype, speculation, and the novelty of being the governance token of a widely recognized infrastructure protocol.
Some forecasts even projected a rise from ~$0.28 at launch up to ~$1.16 or more within a month. On Binance, WCT surged remarkably trading volume exploded, and it quickly drew speculative attention.
By late May, WCT touched highs reported around $1.34 (or $1.35) a landmark peak that confirmed the feverish interest. After that, however, the calm before the storm began.
Chapter 3: The Collapse Supply Shock & Sell Pressure
The turning point was predictable: token unlocks. WCT’s vesting schedule and unlock events released large amounts of tokens into circulation, giving early investors, team members, or treasury holders the opportunity to liquidate.
According to vesting data, on 25 June 2025, an unlock event of 2.50 million WCT (≈ 0.25% of total supply) was scheduled. In addition, allocations such as Foundation, Treasury, and Team holdings already had locked vs unlocked portions that were subject to future release.
These unlocks pressured the market. Large holders often called “whales” or “big bags” — began to offload positions, either to realize gains or hedge against reversal. The fresh supply overwhelmed demand, creating downward pressure.
From its peak, WCT’s price declined sharply. By mid-June, the token had lost a substantial portion of its gains. It became a case study in how supply dynamics can undo a rally. The influx of unlocked tokens tested the market’s absorption capacity, and traders responded with panic or opportunism.
Chapter 4: Intervention & Stabilization Attempts
Seeing the volatility and potential reputational risk, the WalletConnect team and ecosystem actors moved to stem the bleeding.
Binance Launchpool’s Role
By listing WCT on its Launchpool, Binance gave the token more exposure, liquidity, and participation routes letting new users farm WCT via staking, which added new demand.
In fact, staking BNB, USDC or FDUSD to earn WCT allowed fresh capital to flow in, helping balance out some of the sell pressure.
Ecosystem & Governance Measures
To restore confidence, the team published transparency reports about unlock schedules, token allocations, and governance proposals. This wasn’t just PR it was necessary to placate jittery holders fearful of hidden dumps.
They also emphasized utility expansion: integrating WCT into new wallet apps, cross-chain connectors, and protocols to ensure demand isn’t purely speculative. Over time, they sought to shift the narrative from “pump token” to “key infrastructure asset.”
Chapter 5: A Fragile Recovery & The Test of Time
As summer progressed, WCT’s price attempted to find a floor. It no longer exhibited parabolic growth, but neither was it collapsing uncontrollably.
At present, WCT trades in the $0.25–$0.35 range (with fluctuations). According to Kraken, WCT is priced at ~$0.26, with circulating supply ~186M and a market cap of ~$48 M. CoinGecko reports ~ $0.2838, but notes the negative recent momentum.
All-time highs remain etched in memory: the $1.34 mark stands as a stark reminder of how high sentiment can carry a token.
Yet stability is fragile. The token’s fate depends on
Continued ecosystem growth (adoption, integrations, daily usage)
Strict discipline in future unlocks and vesting
Guarding against whale concentration and large dumpers
Maintaining transparency and trust
Forecasts for WCT in 2025 vary. CoinCodex projects a trading band between ~$0.181 and ~$0.297. Some more bullish models predict ~$1+ by year’s end, though those are often based on speculative drivers.
Epilogue: Lessons from WCT’s Rollercoaster
Token unlocks can make or break a rally Even with strong fundamentals, sudden supply expansion can destabilize price.
Liquidity matters deeply Without sufficient depth, even modest sell flows can cause big slippage.
Utility must follow hype Infrastructure tokens demand real usage to stay afloat.
Transparency is a token’s shield Clear communication about supply, schedule, and governance can calm nerves.
Ecosystem alignment is critical Token holders, early investors, developers must share a long-term vision, not just short-term gains.
WCT’s saga in 2025 is still unfolding its peak and crash are already in the books, but its real test lies in whether it can transition from a speculative ride into a stable infrastructure pillar. Time, adoption, and disciplined governance will tell.
