WCT Hits New All-Time High After Solana Launch, 5M Airdrop, and Major Whale Deposit

WalletConnect Token (WCT) is currently trading at $0.9479 on Binance, up 30.58% over the past 24 hours, with exceptionally high trading volume and a market cap of approximately $177.51 million. The surge in price and activity is primarily attributed to the recent launch of WCT on the Solana blockchain, the distribution of a 5 million WCT airdrop to Solana users, and increased institutional participation, including a significant deposit of 4 million WCT by a GSR whale. These developments, combined with heightened market interest following prominent announcements at SolanaConf NYC and new exchange listings, have driven strong demand and trading activity, resulting in WCT reaching a new all-time high within the last day.