Sameer_h

📘 What Is WCT & Its Purpose

WalletConnect Token, or WCT, is the native token of the WalletConnect protocol—a widely used open standard for connecting decentralized applications (dApps) with mobile and desktop wallets. Built primarily on Optimism’s OP Mainnet to leverage Ethereum’s security and OP’s scalability, WCT is used for governance, staking incentives, and decentralizing protocol operations .

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🧮 Tokenomics & Distribution

WCT has a maximum supply of 1 billion tokens, with approximately 186.2 million currently in circulation . The allocation is structured as follows :

Core development: 7%

Staking/rewards: 17.5%

Airdrops: 18.5%

Team: 18.5%

Early backers: 11.5%

Foundation reserve: 27%

These allocations feature a 4‑year vesting schedule (with 1‑year cliff), while airdrops are released gradually . The IEO (Initial Exchange Offering) occurred between April 11–14, 2025, with an initial sale price of $0.02 per WCT .

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📅 Launch & Listings: Key Date Timeline

April 11–14, 2025 – IEO sale concludes at $0.02

April 15, 2025 (11:00 UTC) – WCT listed on Binance, Bybit, OKX, Gate.io, KuCoin, Crypto.com

April 15, 2025 – All‑time low of $0.2811 recorded

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📈 Price History & Milestones

Launch & Post‑Listing Volatility

Upon launch, WCT skyrocketed to around $0.65 intraday before settling into low $0.30s .

The all‑time low of $0.2811 occurred on listing day, April 15, 2025 .

A bearish pattern caused a dip of over 30% from initial highs .

Mid‑May Surge & All‑Time High

By May 1, WCT rallied into the $0.55–$0.60 range, with volume picking up—signaling accumulation .

Late May saw a Solana airdrop announcement, sparking a 12% one‑day gain which lifted WCT past $1.00 .

On May 28–30, 2025, WCT hit a new all‑time high of approximately $1.16 — roughly 4× its listing price .

June Correction Phase

The first half of June saw correction from highs, settling around $0.38–$0.55, with daily volumes from $164 M to $2.8 B .

By June 25, price hovered near $0.3057, down from its peak .

As of June 27, 2025, WCT trades near $0.313, with market cap around $59 million and circulating supply maintained at 186.2 million .

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🚀 Key Drivers & Outlook

1. Exchange Launches
Broad early listings on major exchanges like Binance, KuCoin, and Kraken boosted initial awareness .

2. Airdrops & Multi‑Chain Expansion
Airdrop programs—such as the one for Solana users—helped trigger mid‑May rallies .

3. Utility & Governance
WCT underpins WalletConnect’s incentive structure—used for staking, fees, and decentralized governance .

4. Macro & Technical Trends
Following IPO‑like hype, WCT saw a classic consolidation, bullish breakout, then profit-taking as investors weighed risk vs reward .

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⚠️ Risks & Volatility

Highly volatile—already down ~‑93% from ATH ($1.37) to current levels .

Token unlocks due to vesting may increase supply pressure.

Performance tethered to WalletConnect’s adoption—competition or slowing integration could weigh on WCT.

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📊 Summary Table

Period Price Range Highlights

IEO (Apr 11–14, 2025) $0.02 Initial sale
Listing Day (Apr 15, 2025) $0.28 (ATL) Highly volatile
Early May 2025 $0.30–$0.60 Accumulation
Late May 2025 $0.65 → $1.16 (ATH) Breakout, driven by airdrop
June 1–27, 2025 $0.31–$0.55 Correction to ~$0.31

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🧭 Final Thoughts

WCT launched explosively on April 15 and reached its peak of ~$1.16 by late May before pulling back amid typical profit-taking and broader crypto market trends. It offered a ~15× return from IEO to ATH. Today, at around $0.31, it remains volatile—subject to future network adoption, token unlocks, and sentiment shifts.

If you're evaluating WCT, monitor:

Upcoming airdrops and chain integrations

Vesting schedules and unlock timelines

Exchange listings and trading volume trends

Technical support levels (e.g. $0.60, $0.30 zones)
#wct $WCT