Yesterday, WalletConnect surprised the community by announcing an additional distribution of 2 million $WCT tokens for Solana users, in response to their warm welcome. This action is part of WalletConnect's ongoing efforts to expand its ecosystem, particularly on Solana, where partnerships with wallets like Phantom and Solflare have been highlighted recently.
Why it matters
$WCT token is essential for governance, staking, and rewards in the WalletConnect network, connecting millions of users to thousands of decentralized projects. This announcement could encourage more users to join the ecosystem, thereby strengthening the adoption of WalletConnect. #AltcoinSeasonLoading #WalletConnectweb3
Detailed Note: Analysis of the recent WalletConnect announcement
IntroductionOn July 14, 2025, WalletConnect, a major protocol for connecting crypto wallets to decentralized applications (dApps), announced an additional distribution of 2 million WalletConnect Tokens ($WCT) specifically for the Solana community. This initiative, revealed via a post on platform X, is set against a backdrop of growth and expansion of the WalletConnect ecosystem, particularly on the Solana blockchain. This note aims to explore this announcement in detail, its context, implications, and the underlying information that led to this analysis, based on recent sources.
This indicates that the additional distribution of 2 million $WCT was launched on July 14, 2025, in response to the positive reception from the Solana community. This action appears to be a reward for active users on Solana, aligned with previous initiatives, such as the expansion of $WCT on Solana announced in June 2025, which included an allocation of 5 million $WCT for active participants, builders, and stakers, in partnership with wallets like Phantom, Jupiter, Backpack, Solflare, and Solana Mobile.
This additional distribution of $WCT could encourage more Solana users to engage with WalletConnect, thereby strengthening the ecosystem and potentially increasing the value and utility of the $WCT token. Furthermore, it reflects a community reward strategy, similar to past airdrops, such as the 185 million $WCT announced in October 2024, of which the first season of 50 million tokens was open for registration until October 18, 2024 (source: CoinGecko, October 14, 2024). However, it is important to note that, according to CoinMarketCap (consulted on June 21, 2025, updated price at $0.3417 USD, 24h volume of $41,460,980.57 USD), the $WCT market remains volatile, with a market capitalization of BTC509.3610 and a rank of #677 on CoinGecko. Users are advised to check the claiming conditions and remain cautious regarding cryptocurrency volatility.
Conclusion
The announcement of the additional distribution of 2 million $WCT for the Solana community, made yesterday by WalletConnect, reflects a community engagement and expansion strategy on Solana, in line with recent initiatives such as the allocation of 5 million $WCT in June 2025. Interested users should check their eligibility and proceed with claiming through official channels, while staying informed about the dynamics of the $WCT market. This announcement is part of a growing ecosystem, with ongoing integrations and increasing adoption, as evidenced by recent certifications and partnerships. For more information, consult official sources like the WalletConnect website and the posts on X mentioned.
