GSR Deposits 7 Million WCT into Binance for Market Making
GSR Markets deposited 7 million WalletConnect Tokens (WCT), valued at $3.46 million, into Binance today for market-making activities, enhancing liquidity. GSR and Flow Traders each hold 7.5 million WCT, representing 8% of the initial circulating supply of WalletConnect Tokens, ensuring stability and liquidity in the market.
GSR Markets, a global leader in crypto trading, deposited 7 million WCT ($3.46 million) into Binance, marking a strategic step in enhancing the token’s liquidity. The action ensures liquidity and aids in price stabilization during WalletConnect's new market phase. Community reactions are positive, with Crypto analyst Ai 姨 noting GSR's substantial inventory management as pivotal for early stability.
GSR Strengthens WCT Market with $3.46 Million Deposit
GSR Markets: 7.5 million $WCT market-making tokens—2.8 million already deposited into exchanges. Flow Traders: 7.5 million $WCT—currently testing small transfers to exchanges. Together, these allocations comprise 8% of the initial circulating supply.
As per CoinMarketCap data, WalletConnect Token (WCT) trades at $0.39, down 8.49% over the last 24 hours. With a market cap of $72,440,885 and a trading volume of $323,344,910, the WCT market remains influential in liquidity provision. These figures illustrate the ongoing adjustments and real-time trading dynamics for this token.
