WCT Plunges 53% After Binance Listing Surge Despite $1.6B Volume and Solana Integration

WalletConnect Token (WCT) is currently trading at $0.5110 on Binance, down 52.98% over the past 24 hours from an open of $1.0868, with a 24-hour trading volume of approximately $1.63 billion and a market capitalization between $101 million and $114 million. The sharp price decline follows a period of heightened activity, including WCT’s recent listing on Binance, the launch of staking programs, and its integration with Solana, which initially drove strong trading interest and a rapid price surge. The subsequent correction appears to be driven by profit-taking and high speculative trading typical for newly listed tokens, as well as the unwinding of positions after the initial listing hype, despite ongoing ecosystem developments and increased utility for WCT.