WalletConnect Token Soars 27%: Exchanges Go Bananas! 🚀

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In a turn of events that surprised absolutely no one in the crypto world (because, let’s face it, nothing surprises anyone in crypto anymore), the price of WalletConnect’s token, WCT, has shot up by a whopping 27% in the last 24 hours. This surge comes hot on the heels of a flurry of high-profile exchange listings, because apparently, the more exchanges you’re on, the more valuable you become. Who knew?

WCT is currently trading at $0.40, which is a lot of money if you’re buying coffee but not so much if you’re buying a Lamborghini. The 24-hour trading volume has skyrocketed by 1700% to over $910 million, which is enough to make even the most seasoned crypto trader raise an eyebrow. Launched on April 15, the project has been making waves with rapid listings on major exchanges like Binance, Crypto.com, Upbit, Kraken, MEXC, Gate.io, KuCoin, OKX, Bybit, and Bithumb. That’s a lot of names to remember, so don’t worry if you can’t.

The WCT token finally made its debut on exchanges 7 years after the project’s launch in 2018. “WCT marks a significant milestone in the WalletConnect Network’s decentralization roadmap and will be the driving force behind the economic and governance structure of the Network,” WalletConnect told the Block. In other words, it’s a big deal, but you probably already guessed that.

WalletConnect is a Web3 communications protocol that enables secure connections between crypto wallets and dApps. It allows users to link their wallets to dApps through a QR code or deep links. Once connected, dApps can prompt users to approve transactions or perform actions directly through their wallets. It’s like a digital handshake, but with more zeros and ones.

WCT has a fixed supply of 1 billion tokens. Key allocations include 27% to the WalletConnect Foundation for ecosystem development, 18.5% each to the team and airdrops, 17.5% for staking and performance rewards, 11.5% for early backers, and 7% for core development of the protocol. That’s a lot of percentages, but don’t worry, you don’t need to remember them all.

Initially launched in September last year, WCT tokens were non-transferable, though holders could still participate in governance and staking. Transferability was enabled on April 15 at the official launch on spot markets, which was commemorated with the launch of “The Creation of WCT” NFT. Because what’s a crypto launch without an NFT, right?

To celebrate WCT transferability on April 15, 2025 – you can now own a piece of WalletConnect history

“The Creation of WCT” NFT is now live on @zora 🙌

— WalletConnect (@WalletConnect) April 16, 2025

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2025-04-16 15:53