I've been torn about $WCT , and if you're feeling the same way, I get it. On the surface, it looks promising with:
- Solana integration: Expanding its reach and potential use cases.
- Binance support: Adding credibility and accessibility.
- 5M token airdrop: A juicy incentive for users.
- 22% APY on staking: A decent return for stakers.
However, there's a catch: over 80% of the token supply is still locked, with only 186M tokens out of 1B circulating. This massive unlock looming over the market raises concerns.
## The Numbers Don't Lie
The fully diluted valuation is around $639M, but the current market cap is barely $64M. That's a significant gap. Historically, we've seen short-term pumps from airdrops followed by slow declines if the utility doesn't keep up.
## The Potential is There
WalletConnect has built a solid foundation, powering 600+ wallets and 66K+ apps. The upcoming AI-based Smart Sessions could be a game-changer. Partnerships with Visa and Crossmint add to its long-term potential.
## The Question Remains
Can adoption grow faster than inflation? I'm staying cautious, not entirely ruling it out but not going all-in either. Let's see how $WCT performs post-airdrop once the hype cools off.
## What's Your Take?
Are you invested in $WCT , or are you sitting this one out? Share your thoughts!
