What is #WTC now
WCT serves as the native token of WalletConnect — a widely-used Web3 protocol that helps connect wallets and decentralized applications (dApps) across multiple #blockchain
It powers staking, governance, and network incentives — critical functions if WalletConnect wants to scale as the “backbone” for on-#Chain UX.
Recent Developments & What Changed
WCT recently expanded to the #solana blockchain. As part of that, about 5 million WCT were airdropped to active Solana #users marking a key multichain push
Earlier (April 2025), WCT moved from a non-transferable token to a fully transferable one — unlocking liquidity and making it tradeable freely.
On the flip side: WCT experienced a dramatic “flash crash” between late May 2025 — price reportedly dropped from over $1.30 to near $0.50 in a short span. That raised concerns about volatility and market sentiment.
