WalletConnect Token ($WCT): Key Market Insights:
Market Snapshot:
$WCT is currently trading at approximately $0.7365 (as of May 27, 2025), showing a 0.12% daily gain. It recently surged 43%, though analysts advise caution due to overbought signals.
Key Stats:
- Market Cap: ~$135.5M
- Volume (24H): ~$134.35M
- Supply: 186.2M circulating, 1B max
- All-Time High: $0.7804
- All-Time Low: $0.2000
Solana Expansion & Airdrop:
WCT expanded to Solana via Wormhole’s NTT, marking its first move beyond Ethereum. A 5M WCT airdrop is underway for Solana users of apps like Phantom and Backpack.
Utility & Distribution:
$WCT powers WalletConnect’s governance, staking, and network fees.
Token Allocation:
- Foundation: 27%
- Community: 18.5%
- Core Team: 18.5%
- Ecosystem: 17.5%
- Investors: 11.5%
- Grants: 7%
Outlook:
With Solana integration and growing use, $WCT is gaining traction. Short-term volatility is possible, so research and caution are advised.