{"id":7932,"date":"2025-04-16T19:09:45","date_gmt":"2025-04-16T19:09:45","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=7932"},"modified":"2025-04-16T19:09:48","modified_gmt":"2025-04-16T19:09:48","slug":"walletconnect-token-soars-27-following-multiple-exchange-listings","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/04\/16\/walletconnect-token-soars-27-following-multiple-exchange-listings\/","title":{"rendered":"WalletConnect Token Soars 27% Following Multiple Exchange Listings"},"content":{"rendered":"\n<p><strong>WalletConnect\u2019s native token, WCT, has surged over 27% in the past 24 hours<\/strong>, following a wave of high-profile listings on some of the world\u2019s largest cryptocurrency exchanges. Now trading at <strong>$0.40<\/strong>, WCT has also seen its <strong>24-hour trading volume skyrocket to $910 million<\/strong>, marking a 1,700% surge and placing the token in the spotlight just days after its official launch.<\/p>\n\n\n\n<p>The rally was fueled by WCT\u2019s debut on multiple Tier-1 exchanges, including <strong>Binance, Crypto.com, Kraken, KuCoin, Upbit, OKX, Bybit, Gate.io, MEXC<\/strong>, and <strong>Bithumb<\/strong>. These listings came shortly after <strong>WalletConnect enabled transferability<\/strong> for the token on <strong>April 15<\/strong>, officially making it tradable on spot markets.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWCT marks a significant milestone in the WalletConnect Network\u2019s decentralization roadmap and will be the driving force behind the economic and governance structure of the Network,\u201d the WalletConnect team told <em>The Block<\/em>.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">WCT: Powering Governance and Incentives<\/h3>\n\n\n\n<p>Launched as a non-transferable token in <strong>September 2024<\/strong>, WCT was initially used for governance and staking within the <strong>WalletConnect Network<\/strong>. With the launch of transferability, WCT has transitioned into a fully liquid asset that underpins the protocol\u2019s economic model and decentralization goals.<\/p>\n\n\n\n<p><strong>WalletConnect<\/strong>, founded in 2018, is a leading <strong>Web3 communications protocol<\/strong> that allows users to securely connect their crypto wallets with decentralized applications (dApps) via QR codes or deep links. It plays a foundational role in the Web3 ecosystem, particularly in DeFi and NFT infrastructure.<\/p>\n\n\n\n<p>The token has a <strong>fixed total supply of 1 billion<\/strong>, with a well-structured allocation:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>27%<\/strong> to the <strong>WalletConnect Foundation<\/strong><\/li>\n\n\n\n<li><strong>18.5%<\/strong> to the <strong>team<\/strong><\/li>\n\n\n\n<li><strong>18.5%<\/strong> to <strong>airdrops<\/strong><\/li>\n\n\n\n<li><strong>17.5%<\/strong> for <strong>staking and performance rewards<\/strong><\/li>\n\n\n\n<li><strong>11.5%<\/strong> to <strong>early backers<\/strong><\/li>\n\n\n\n<li><strong>7%<\/strong> for <strong>core protocol development<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The Creation of WCT\u201d NFT Celebrates Token Launch<\/h3>\n\n\n\n<p>To commemorate the launch of WCT\u2019s transferability, WalletConnect released an NFT titled <strong>\u201cThe Creation of WCT\u201d<\/strong> on the <strong>Zora<\/strong> platform. The collectible honors the project\u2019s long-term evolution and marks a key milestone in its decentralization journey.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTo celebrate WCT transferability on April 15, 2025 \u2013 you can now own a piece of WalletConnect history,\u201d the project posted on X (formerly Twitter).<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Outlook: WCT&#8217;s Role in the Web3 Future<\/h3>\n\n\n\n<p>The explosive rise of WCT highlights <strong>strong market interest in utility-driven tokens<\/strong> that support real-world infrastructure in the crypto space. As WalletConnect continues to scale and deepen its protocol offerings, <strong>WCT is expected to play a critical role in staking, governance, and incentive distribution<\/strong>, aligning with the project&#8217;s vision of a decentralized and user-owned communication layer for Web3.<\/p>\n\n\n\n<p>With robust exchange support and a clear utility model, <strong>WCT is well-positioned to cement its role in the evolving decentralized ecosystem<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WalletConnect\u2019s native token, WCT, has surged over 27% in the past 24 hours, following a wave of high-profile listings on some of the world\u2019s largest cryptocurrency exchanges. Now trading at $0.40, WCT has also seen its 24-hour trading volume skyrocket to $910 million, marking a 1,700% surge and placing the token in the spotlight just&#8230;<\/p>\n","protected":false},"author":3,"featured_media":7933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[824,156,355],"class_list":["post-7932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-crypto-wallet","tag-cryptocurrency","tag-defi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WalletConnect Token Soars 27% Following Multiple Exchange Listings - Crypto News<\/title>\n<meta name=\"description\" content=\"WalletConnect\u2019s WCT token jumps 27% following major exchange listings and transferability launch. 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