WalletConnect Token (WCT) is a relatively new cryptocurrency listed on Binance, and it's gaining attention due to its utility within the WalletConnect ecosystem. As of now, WCT is trading at around $0.31, having experienced a decline of about 5–6% in the past 24 hours. This price drop follows a broader trend of post-launch corrections that are common with tokens introduced via Binance Launchpool. WCT launched officially on April 15, 2025, after a three-day farming period where users could stake BNB, USDC, or FDUSD to earn the token. Approximately 40 million WCT, or 4% of the total 1 billion supply, were distributed through this mechanism.
Since its listing, WCT has been made available in multiple trading pairs such as WCT/USDT, WCT/USDC, WCT/BNB, and more. Binance has integrated WCT across its major services, including spot trading, margin trading (both cross and isolated), Simple Earn, and even futures trading with up to 75x leverage. The token's utility lies in governance, staking rewards, and powering services within WalletConnect, a protocol that connects crypto wallets with decentralized applications (dApps). Currently, only about 18.6% of the total supply is in circulation, suggesting potential future releases and utility development.