$WCT

@WalletConnect #WalletConnect Token Burning

If WCT Wallet initiates a token burn mechanism, it can reduce the circulating supply of tokens permanently. This deflationary strategy often leads to price appreciation because it creates scarcity. With fewer tokens available in the market and if demand remains stable or increases, the value per token rises. Investors may see burns as a sign that the team is serious about long-term sustainability and value growth. Successful burn campaigns can generate strong social media attention and attract speculative investment, contributing to a potential pump in price.