A recent trend on social media has led to confusion regarding a "$WCT coin" on Binance. It is important to clarify that @WalletConnect , the popular Web3 protocol for connecting wallets and dApps, does have an official utility token, but its ticker is $WCT , not WC.

​Recent reports indicate that the WCT token has been listed on Binance, leading to a significant increase in its trading activity and visibility. The token's movement has been volatile, with a notable price drop following an initial surge, which is common for new listings as early investors take profits.

​Despite this, the WCT token's long-term value is tied to the adoption of the #WalletConnect protocol itself. Recent updates, such as the introduction of full transferability and governance features for WCT holders, aim to decentralize the network and increase the token's utility beyond a simple asset. These developments, along with its growing ecosystem of dApp and wallet integrations, make WCT a token to watch for its potential as a core infrastructure component of the Web3 space.