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Is WalletConnect Token (WCT) the next big thing in Web3? With a 276% surge since launch, strong trading volume, and real-world utility powering a growing ecosystem, WCT is attracting investor attention. But can it sustain this momentum, or is a correction looming? This analysis answers your top questions: Where is WCT heading in 2025–2030? What are the key risks? Should you trade WCT on Phemex? Find out everything you need to know in this comprehensive guide.
Summary
Current Price & Market Standing: WalletConnect Token (WCT) trades around $1.16 (May 2025), with a market cap near $216 million (rank ~198 by size) and a circulating supply of 186.2 million WCT. It has surged ~276% in the past month, rising from ~$0.28 at launch (April 2025) to a new all-time high of ~$1.16. Daily trading volume remains extremely high (recently $600M–$700M+), signaling strong market interest.2025 Forecast: In the short term, analysts see WCT consolidating after its rapid rise, with some forecasting modest retracements before further gains. Conservative models predict WCT could end 2025 around $0.75–$1.1, while optimistic forecasts target the $1.5–$2 range if bullish momentum continues. Much will depend on network growth, token utility uptake, and overall crypto market conditions.Key Drivers: WCT’s value outlook will be driven by network usage (WalletConnect’s integration across wallets/dApps), token utility (fees, staking, governance), and ecosystem growth. Recent airdrops, multi-chain expansion (e.g. to Solana), and exchange listings have boosted visibility and community sentiment. Technical trends show bullish momentum, but risks such as token unlocks, broader market volatility, and competition in wallet connectivity could impact the trajectory.Exchange Access – WCT is available on a few platforms, but notably Phemex stands out as a major centralized exchange offering WalletConnect Token trading. Phemex provides a fast, low-fee trading experience with deep liquidity and advanced features for both new and experienced trader's WCT Price Analysis: From Launch to Present (2025) WalletConnect Token made its market debut in April 2025 amid significant hype. Initial sale prices were around $0.20 (via CoinList and other launchpads), and transferability went live on April 15, 2025. Upon listing, WCT saw explosive volatility: it jumped to ~$0.65 at one point during its first trading day, before pulling back and finding a floor in the low-$0.30s. In fact, WCT’s price briefly bottomed around $0.28 during launch day turbulence, which now marks its all-time low.
Throughout late April, WCT traded in a broad range ($0.30–$0.50), reflecting typical post-ICO price discovery. By early May, the token began a steady climb as initial profit-taking subsided and buyers accumulated at lower levels. Notably, Korean market interest helped decouple WCT from broader market weakness, with a 36% rally recorded. This indicated strong demand and possibly institutional or “whale” buying during the early accumulation phase.
By mid-May 2025, WCT had stabilized and formed a clear consolidation range roughly between $0.55 (resistance) and $0.30–$0.40 (support). Technical traders observed an “accumulation zone” in this period, suggesting sellers were exhausted and long-term believers were quietly building positions. 
Late May brought a fresh surge of momentum. Two key fundamental developments drove WCT to new highs:
Multi-chain Expansion & Airdrop News: The WalletConnect Foundation announced WCT’s expansion to Solana, with an upcoming 5 million WCT airdrop for Solana ecosystem users (e.g. Jupiter DEX stakers). This news, unveiled at Solana’s conference, ignited buzz on crypto Twitter and Reddit, as users anticipated broader adoption. Following the announcement, WCT’s price spiked ~12% in a day to ~$1.06. Over the past week, it gained nearly +86%, showcasing how quickly sentiment flipped bullish on concrete development news.All-Time High Breakout: Once WCT pushed above its initial peak (~$0.65) and the psychological $1.00 threshold, momentum traders jumped in, causing a virtuous cycle of rising price and volume. By May 28, WCT hit a new all-time high of ~$1.09–$1.16, roughly a 4x increase from its launch-month lows. Notably, this happened as the overall crypto market was mixed – WCT’s rally was fueled by its own news and network growth story rather than just a general market uptrend
As of late May 2025, WCT is trading in the $1.10–$1.16 range, hovering near its peak. It’s up ~276% month-over-month and has dramatically outperformed many other altcoins in the same period. The big question now is whether WCT can sustain this momentum into the coming years or if a correction is due in the near term.
Technical Outlook: Trends, Patterns, and Indicators
From a technical analysis perspective, WCT’s chart shows a strong uptrend emerging after a classic accumulation phase. The breakout above $0.60 in mid-May was a pivotal technical event. It confirmed a series of higher lows and signaled the end of the post-ICO consolidation. The move was accompanied by a surge in volume, indicating conviction behind the breakout.
Key support/resistance levels: After the recent rally, previous resistance around $0.55–$0.60 has turned into a support zone (the area of the May breakout). In the short run, traders will watch that ~$0.60 level on any pullbacks – a dip and hold above it would indicate a potential base for the next leg up. On the upside, $1.20 is the first hurdle (just above the recent high). Beyond that, there isn’t much historical resistance due to WCT’s limited trading history – price discovery could continue. Psychological round numbers like $1.50 and $2.00 may act as interim targets if bullish momentum persists.
Indicators: Trend indicators are largely positive. WCT’s price is currently well above its short-term moving averages, reflecting bullish momentum. On May 20, when WCT was ~$0.60, it was trading above its 4-day EMA and showing a strong bullish EMA stack. Now at ~$1.1, it remains above even longer-term averages (e.g. 20-day, 50-day) given the rapid rise – though those MAs are just beginning to form due to the token’s young age. The Relative Strength Index (RSI) had briefly entered overbought territory (>70) during the rally but then cooled off with minor pullbacks. Now, with the subsequent push above $1, RSI likely spiked again; short-term traders should watch if it remains in the 70-80 range (which would indicate very strong momentum) or if it diverges while price makes new highs (a potential early warning of weakening trend).
Chart pattern: WCT’s recent price action could be seen as a textbook bullish continuation pattern. After the initial run-up, it formed a bullish pennant/flag between late April and mid-May, then broke out upward. The measured move from that pattern – taking the prior impulse (~$0.28 to $0.65 = ~$0.37 move) – implied an upside target around $0.65 + $0.37 ≈ $1.02, which WCT exceeded. Another way analysts project targets is using Fibonacci extensions. Using the launch low ~$0.28 as 0% and initial high ~$0.65 as 100%, the 1.618 Fib extension comes around ~$1.05 – WCT has slightly surpassed this, reaching the 1.8–1.9 extension area. This suggests WCT may be technically stretched in the immediate term, and a period of consolidation or a pullback could occur to digest gains.
That said, momentum remains in the bulls’ favor. As long as WCT holds above its breakout zones (and especially if it holds above the $1.00 psychological level on any dips), the uptrend structure is intact. A volume-supported break above ~$1.20 would likely signal the next leg higher is starting, whereas a drop below ~$0.55 would be a bearish development suggesting a deeper correction.
WCT Whale Activity and Market Dynamics
Given WCT’s relatively small market capitalization at launch, whales and large holders have had an outsized influence on its price action. In the first weeks of trading, a few factors pointed to whale activity:
Exchange volumes and large orders: WCT saw enormous volumes on certain exchanges relative to its market cap (e.g. hundreds of millions in 24h trading on centralized exchanges like Binance and Phemex). Such volume suggests participation by big players – possibly institutional traders or crypto funds.Top holders & token distribution: WalletConnect’s token allocation reveals that large allocations are held by the project team, foundation, and early backers. While these are mostly locked or vesting, many of these tokens ended up in the hands of early adopters and possibly crypto venture funds. It’s likely that a handful of addresses (whales) hold a significant chunk of the circulating WCT at this stage. For example, if any single entity participated near the max in the sales and held through launch, they could hold millions of WCT (worth several million USD now). The behavior of these large holders is crucial – if they hold, supply stays tight; if they decide to sell, it could exert downward pressure.On-chain clues: WCT is launched on Optimism, making on-chain tracking a bit less transparent to the average user than an ERC-20 on Ethereum mainnet. However, the WalletConnect Foundation reported over 130k eligible recipients in the initial airdrop, meaning the token is already fairly widely distributed among users. This broad distribution could mitigate whale control to an extent (no single airdrop user got a dominant share). Meanwhile, node operators and partners (like ConsenSys, Ledger, etc., mentioned as part of the network launch) may also have received allocations – these are industry whales who likely intend to stake and participate in governance rather than flip tokens short-term.
One notable “whale move” was the Korean trading interest. The Upbit listing on April 16 brought in a wave of buyers – possibly Korean crypto whales/trading firms – who helped push WCT to new highs despite a weak broader market. This decoupling suggests confident whale accumulation even when global sentiment was shaky. Later, when WCT announced the Solana integration, on-chain analysts observed heavy activity bridging WCT to Solana (via Wormhole) as some large holders positioned to potentially claim the Solana airdrop. The inclusion of Solana’s Jupiter and Phantom communities for the airdrop could attract Solana whales to WCT as well – indeed, any user who actively stakes on Solana (like large SOL validators or DeFi participants) now had an incentive to pay attention to WCT.
Short-Term Forecast (2025–2026): Can WCT Sustain Its Momentum?
The outlook for 2025 will depend on how WalletConnect’s ecosystem evolves post-token launch. In the near term, some cool-down or correction after the meteoric +300% month is plausible, even healthy. Price cannot go up in a straight line forever. Many analysts expect WCT might retrace or consolidate in the coming weeks to digest recent gains. A dip to those levels would still keep WCT well above its prior base, potentially setting a higher low before year-end rallies.
By end of 2025, the range of predictions is wide:
Some models are pessimistic, likely assuming the initial hype fades. PricePrediction.net, for example, has been cited forecasting WCT could drop toward $0.50–$0.70 by late 2025. These bearish cases assume selling pressure from token unlocks or insufficient real adoption of the token utility.Other analysts envision moderate growth. TradingBeasts projected WCT around $0.87–$1.0 by Dec 2025 in one scenario. WalletInvestor was more bullish among algorithmic forecasters, at one point predicting $1.41 for 2025 – which WCT has already exceeded mid-year.On the bullish end, if WCT’s network utility gains traction quickly (e.g. significant fees being paid in WCT, many projects staking it, etc.), some optimists argue it could continue to rally. Community enthusiasts on Reddit/Twitter have speculated targets like $2+ within 2025, especially if a crypto bull market returns. While concrete analyst reports for such high targets are scarce (given the lack of historical data), we did find one source (gov.capital) with an extremely bullish algorithm predicting over $2.0 by mid-2026 and even $3+ by 2030. This is an outlier, but it illustrates the upside potential some see if WCT truly becomes integral to Web3 infrastructure
Looking to 2026, forecasts remain cautiously optimistic. Many algorithms essentially show flat or modest growth from 2025 to 2026 for WCT (perhaps factoring in token inflation as more supply unlocks). For example, one forecast sees WCT averaging ~$0.95 in 2026, not far from 2025 levels. This suggests the market expects a few years of consolidation after the initial launch hype, which is common for new tokens – they often spike, then trade sideways or dip while real adoption catches up. However, if WalletConnect’s network effects accelerate (say by 2026 WalletConnect is the dominant Web3 wallet standard, and WCT is being used widely for fees/governance), the price could surprise to the upside. In that scenario, challenging the $2–$3 zone by 2026 is conceivable.
Catalysts to watch in 2025-2026: Successful rollout of WCT staking and governance (if WCT holders can start earning staking rewards or actively governing the protocol, demand could increase), network revenue (if WalletConnect starts generating significant fees payable in WCT, creating buy-pressure), and further partnerships. Also, any second airdrop seasons or expansion to other chains could temporarily boost activity. Conversely, unlocks from team/backer allocations likely start within this period – those could introduce selling pressure if not managed carefully.

Long-Term Forecast (2027–2030): Growth Outlook
Projecting out to 2030, one must acknowledge the high uncertainty – WCT is a very new token in a fast-evolving industry. That said, we can consider different scenarios:
Bull Case (WCT as a Major Web3 Token): In a bullish scenario, WalletConnect cements itself as core infrastructure for Web3, analogous to how HTTP is for the internet. By 2030, if hundreds of millions of users are routinely using WalletConnect to interface with dApps across numerous chains, WCT could see massive demand as both a governance and utility token. The token’s design includes fees for network services, staking, and rewards for nodes/users. Should the network volume grow, fees (paid in WCT) would drive a natural value capture – similar to how Ethereum’s gas burns ETH. Staking could lock up a large portion of supply, reducing float. If WCT also controls governance, major stakeholders (including institutions) might accumulate it to influence the ecosystem’s direction.
In this bull case, WCT could potentially trade in the several dollars range. While that would require roughly a 9x jump (and a ~$9B fully diluted cap) which is aggressive, it’s not impossible long-term if Web3 wallet connectivity becomes as crucial (and valuable) as, say, cross-chain bridges or Layer-1 tokens. Sources suggest that a 5x–6x increase over current price in the next 5-6 years could be achievable if the project grows steadily. For WCT to go beyond that (e.g. double-digit dollars), it likely would need one or two order-of-magnitude expansions in usage – perhaps being adopted not just in crypto circles but in mainstream fintech apps as the standard for wallet login and transactions. It’s a lofty vision, but not out of the question given WalletConnect’s strong foundation and backers.
Base Case (Moderate Growth): In a more conservative scenario, WCT grows, but in line with the broader crypto market or slightly above. WalletConnect remains important infrastructure, but perhaps competition exists (or the token’s role is somewhat limited in scope). The token might gradually appreciate as circulating supply increases and utility finds a stable level. Many algorithmic models effectively imply this base case – for instance, TradingBeasts and WalletInvestor foresee WCT in the $1–$2 range in 2030. CoinCodex’s long-term chart forecasts an upper-end of $4.68 by 2030, but an average perhaps in the ~$2 range. If WCT simply keeps up with crypto’s overall growth (assuming crypto market cap is much larger by 2030), a price of a few dollars is reasonable..
Bear Case (Challenges Ahead): There are scenarios where WCT underperforms or loses value by 2030. For instance, if WalletConnect’s technology gets supplanted by a new standard, or if the network thrives but the token fails to accrue value (a classic issue where usage doesn’t translate to token price – perhaps people use WalletConnect but there are ways to pay fees in ETH or stablecoins, bypassing WCT demand). In such cases, WCT could stagnate or decline. PricePrediction.net’s bearish take actually sees WCT falling to around $0.65 by 2030, which implies the token could trade below its initial launch prices even years out. This would happen if the market is saturated with WCT (lots of supply unlocked, inflation) and insufficient buyer interest.
Risks and Challenges
No investment is without risks, and WCT has several to consider:
Token Utility Risk: A primary concern is whether WCT will truly capture the value of the WalletConnect Network’s growth. The whitepaper outlines roles in fees, staking, and governance, but these mechanisms must be implemented and utilized. If dApp users or wallet providers find ways to use WalletConnect without needing the token (or if fees are minimal), demand for WCT may not grow as expected.Market Volatility: As a new altcoin, WCT is likely to be more volatile than established cryptocurrencies. It has already shown big swings (e.g. +25% days). In crypto bear markets, tokens like WCT can drop 80% or more from peaks. Investors must be prepared for high volatility. Broader macro factors (interest rates, regulations) can hit crypto sentiment and thereby WCT.Token Unlocks and Supply Dilution: Currently ~18-19% of the 1 billion supply is circulating. The rest is held by the foundation, team, backers, etc., often under vesting schedules. As these locked tokens unlock in coming years, they introduce potential sell pressure. Team and investor tokens might get sold to realize profits or fund operations. Even a well-intentioned foundation might sell tokens to raise funds. If the market cannot absorb the increased supply, WCT’s price could face headwinds.Competition and Technological Change: WalletConnect is a leader now, but competition in wallet connectivity or Web3 authentication could emerge. Projects like Web3Auth, Chainlink CCIP (for interoperability), or others could offer alternative solutions. If a new standard overtakes WalletConnect or if future dApp browsers/wallets use a different protocol, WCT’s value proposition could diminish. WalletConnect will need to continuously innovate to stay essential.Security Incidents: WalletConnect software and its network must remain secure. A major security breach could damage trust and reduce usage, which in turn would hurt WCT’s utility and price. While WalletConnect has a good track record and top-tier partners (e.g. integration in Ledger, MetaMask, etc.), no technology is 100% immune to exploits. As the network decentralizes, it must ensure node operators are reliable. 
Investors should weigh these risks. Diversification and position sizing are key – WCT, like many altcoins, has high upside but also high uncertainty. On the positive side, WalletConnect has a real, growing use-case in the crypto ecosystem (unlike purely speculative tokens), which provides some fundamental backstop. But the coming years will test whether the tokenomics truly enhance the network or pose an obstacle. $WCT #WalletConnect @WalletConnect
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