๐ข WCT News Update: Whatโs Happening with WalletConnect Token
WCT recently dropped about 7.3% in 24h, underperforming the overall crypto market.
Key support levels around $0.30โ$0.28 are being tested. If WCT fails to hold, there could be further downside toward ~$0.25.
Around 80โ90% of the total WCT supply is still lockedโthis raises fears of dilution once unlocks start.
On the positive side: WCTโs listing on Coinbase (Optimism) has boosted visibility and liquidity.
Also, thereโs an airdrop of 5 million WCT planned for active Solana users via wallets like Phantom, Jupiter, Backpack, and Solflare.
---
โ ๏ธ What to Watch:
Whether WCT can reclaim and hold above $0.30
Upcoming token unlocks, which might cause sell pressure
Further developments in governance & staking programs
