WalletConnect Token ($WCT): Market Update & Strategic Developments:
📈 Market Snapshot: $WCT Performance
As of May 27, 2025, WalletConnect Token ($WCT) is trading at approximately $0.7365, marking a 0.12% increase from the previous close. The token has experienced a notable 43% surge recently, though analysts caution about potential corrections due to overbought indicators.
Key Metrics:
- Market Capitalization: ~$135.5 million
- 24-Hour Trading Volume: ~$134.35 million
- Circulating Supply: 186.2 million WCT
- Maximum Supply: 1 billion WCT
- All-Time High: $0.7804 (achieved on May 20, 2025)
- All-Time Low: $0.2000 (recorded on April 15, 2025)
🔗 Strategic Expansion: Solana Integration & Airdrop
WalletConnect has expanded $WCT to the Solana blockchain via Wormhole’s Native Token Transfers (NTT), marking its first venture beyond Ethereum and Optimism. To commemorate this integration, a 5 million WCT airdrop is being distributed to active Solana users, with participation from major Solana-based apps like Phantom, Jupiter, Backpack, and Solflare.
🧠 Project Fundamentals: Tokenomics & Utility
WalletConnect serves as a foundational protocol in the Web3 ecosystem, facilitating seamless connections between decentralized applications and wallets. The $WCT token is integral to this infrastructure, offering:
- Governance Rights: Empowering holders to influence protocol decisions.
- Staking Incentives: Allowing wallets and applications to stake tokens for rewards and network participation.
- Network Fees: Serving as a medium for transaction fees within the WalletConnect ecosystem.
Token Distribution:
- Total Supply: 1 billion WCT
- Initial Circulating Supply: 18.62% (~186.2 million tokens)
- Allocation:
- WalletConnect Foundation: 27%
- Community Distribution & Airdrops: 18.5%
- Core Team: 18.5%
- Node & Ecosystem Incentives: 17.5%
- Early Investors: 11.5%
- Developer Grants: 7%
📊 Visualizing $WCT Trends
