Deep Dive
1. Major Token Unlock (25 November 2025)
Overview:
On 25 November 2025, WalletConnect unlocked 10.06M WCT (10.07% of total supply), worth ~$11.6M at the time. This followed a larger unlock on 15 November (65.21% of supply, $13.76M). Such events typically increase circulating supply, historically correlating with price volatility.
What this means:
This is bearish for WCT in the short term due to potential sell pressure from early investors or project teams. However, the 15 November unlock preceded a rally (see below), suggesting some unlocks may already be priced in. Monitor trading volume for signs of sustained selling.
(Token Unlocks)
2. Post-Unlock Rally (17 November 2025)
Overview:
WCT surged 18% on 17 November, defying a weak broader market. Analysts attributed this to bullish technicals (breaking 7-day SMA, RSI at 59.12) and reduced post-unlock uncertainty. The token later retraced, aligning with a market-wide Fear & Greed Index of 17/100.
What this means:
This highlights WCT’s sensitivity to supply dynamics and trader sentiment. While the rally demonstrated resilience, the lack of follow-through underscores fragile market conditions. Key levels to watch: $0.1677 (23.6% Fib resistance) and $0.145 (50% Fib support).
(Binance Square)
3. Binance Yield Boost (12 November 2025)
Overview:
Binance launched a WCT Flexible Product on 12 November 2025, offering up to 25% APR until 2 December. This coincided with WCT’s listing on Coinbase’s roadmap in August and integration with Optimism.
What this means:
The high yield incentivizes holding, potentially offsetting unlock-related selling. However, the 25% APR is likely unsustainable long-term, suggesting Binance aims to boost short-term liquidity. Exchange support reinforces WCT’s institutional credibility but may not counter macro headwinds.
(Binance Square)
Conclusion
WCT faces a tug-of-war between exchange-driven demand (Binance/Coinbase) and persistent supply shocks from unlocks. While staking incentives and technical rebounds offer hope, the token’s -73.74% 90-day drop signals caution. Can WCT’s role in cross-chain infrastructure (e.g., Solana integration) outweigh dilution risks in 2026? Watch for volume spikes near $0.145 support.