Latest WalletConnect Token (WCT) News Update

By CMC AI
16 July 2026 11:38AM (UTC+0)

What is the latest news on WCT?

TLDR

WCT faces a recent trading setback but continues building its core payment infrastructure. Here are the latest news:

  1. KuCoin Delists WCT from Margin Trading (29 May 2026) – The exchange removed cross-margin services, reducing trading accessibility and leverage options.

  2. WalletConnect Pay Expands to More Wallets (31 March 2026) – The payment feature broadened its support, aiming to increase utility and transaction volume.

  3. Significant Token Unlock Adds to Supply (25 November 2025) – A release of 10.06 million WCT tokens introduced potential selling pressure into the market.

Deep Dive

1. KuCoin Delists WCT from Margin Trading (29 May 2026)

Overview: KuCoin announced the delisting of WalletConnect Token (WCT) from its Cross Margin Trading services, effective 3 June 2026. The move required users to close positions and repay loans, with the system automatically liquidating any remaining holdings. This reduces immediate avenues for leveraged trading of WCT on a major exchange. What this means: This is bearish for WCT because it limits sophisticated trading strategies and could temporarily reduce liquidity and demand on KuCoin, potentially increasing price volatility as positions were unwound. (KuCoin)

2. WalletConnect Pay Expands to More Wallets (31 March 2026)

Overview: At WalletCon Cannes, WalletConnect announced a significant expansion of its WalletConnect Pay feature, adding support across a wider range of wallets. This development aims to streamline on-chain payments and improve user experience. What this means: This is bullish for WCT as it enhances the token's core utility within the ecosystem. Broader adoption of Pay could drive higher network usage and solidify WalletConnect's role as critical infrastructure for the on-chain economy. (WalletConnect)

3. Significant Token Unlock Adds to Supply (25 November 2025)

Overview: Data from Token Unlocks showed WCT executed a one-time unlock of approximately 10.06 million tokens on 25 November 2025. This represented about 10.07% of the total supply, worth an estimated $11.6 million at the time. What this means: This is bearish for WCT as it increased the circulating supply, creating potential sell-side pressure from early investors, team, or advisors receiving newly liquid tokens, which can weigh on the price. (Weex)

Conclusion

WCT's trajectory is caught between near-term exchange challenges and long-term utility growth through its Pay feature. Will rising product adoption outpace the headwinds from reduced trading access and supply inflation?

What are people saying about WCT?

TLDR

The chatter around WCT paints a picture of past optimism meeting present reality. Here’s what was trending:

  1. Traders were eyeing a breakout above $0.38, targeting a rally toward $0.40+ in the short term.

  2. Community sentiment was bullish, with many setting a $1 price target based on WalletConnect's widespread adoption.

  3. Technical analysts highlighted oversold conditions and key support at $0.315, suggesting a potential rebound was forming.

Deep Dive

1. @WalletConnect: Expanding utility with WalletConnect Pay bullish

"WalletConnect Pay just got a lot BIGGER... now supported across a range of wallets." – @WalletConnect (314K followers · 31 March 2026 09:30 UTC) View original post What this means: This is bullish for WCT because it demonstrates ongoing development and expansion of the protocol's utility, which could drive increased network usage and demand for the token over time.

2. Community Analyst: Technical breakout above $0.3766 bullish

"WCT/USDT is at a pivotal technical juncture... The next major move depends on whether WCT breaks and holds above $0.3766 with strong volume, which could trigger a rally toward $0.3878 or higher." – Community Post (14 August 2025 02:56 AM UTC) View original post What this means: This was a bullish technical setup because a confirmed breakout above a key resistance level with volume typically signals strong buyer conviction and can lead to sustained upward momentum.

3. Community Trader: $1 price target based on adoption bullish

"Expectations are rising for WCT... When the market returns to the green, we could see WCT rally towards $1. It's done this before." – Community Post (2 August 2025 01:00 PM UTC) View original post What this means: This reflects a bullish, sentiment-driven narrative that tied WCT's price potential directly to the proven, widespread use of the WalletConnect protocol, anticipating a repeat of its past performance.

Conclusion

The consensus on WCT from available discussions was overwhelmingly bullish, focused on technical breakouts and the fundamental value of its ubiquitous protocol. However, these sentiments are based on data from over a year ago (mid-2025). Given the token's significant price decline since then, it's crucial to seek out more recent community discussions and on-chain metrics to gauge the current, prevailing mood.

What is the latest update in WCT’s codebase?

TLDR

WalletConnect's recent updates focus on enhancing automation, expanding blockchain support, and enabling full token utility.

  1. Smart Sessions Launch (June 2025) – Introduces automated onchain actions, reducing manual wallet confirmations for a smoother user experience.

  2. Solana Network Integration (May 2025) – Expands WCT to a third major blockchain, using Wormhole for cross-chain transfers to boost liquidity.

  3. Sui Integration & Transferability (April 2025) – Makes WCT fully transferable and adds support for the Sui network, increasing DeFi accessibility.

Deep Dive

1. Smart Sessions Launch (June 2025)

Overview: This feature allows users to grant secure permissions for apps or AI agents to perform transactions on their behalf. It aims to reduce the frequency of wallet pop-ups and enable real automation for improved mobile and dApp experiences.

The update, called Smart Sessions (Automated Onchain Actions), is a protocol-level upgrade. It lets users pre-approve certain actions, meaning repetitive tasks can happen without needing a manual signature for every step. This is designed to drive higher transaction volume across the WalletConnect network.

What this means: This is bullish for WCT because it makes using dApps much faster and less cumbersome. By encouraging more frequent and automated transactions, it could directly increase the network usage and fee revenue that benefits WCT stakers and the ecosystem. (Blockworks)

2. Solana Network Integration (May 2025)

Overview: WalletConnect launched its WCT token on the Solana blockchain, marking its third major network integration after Ethereum and Optimism. This deployment uses Wormhole’s cross-chain framework to enable seamless transfers.

The integration included a targeted airdrop of 5 million WCT to active Solana users through partners like Phantom and Jupiter. This strategic move leverages Solana's high throughput and low costs to attract a new user base and enhance liquidity.

What this means: This is bullish for WCT because it significantly broadens the token's reach and utility. More chains mean more potential users and transactions, strengthening WCT's role as a multi-chain governance and rewards asset. (Coinlineup)

3. Sui Integration & Transferability (April 2025)

Overview: WalletConnect integrated the Sui blockchain and enabled full transferability for the WCT token. This means WCT could now be freely traded and used in governance across supported networks.

The update was a key step in decentralizing the protocol, moving the token from a locked state to a liquid one. Integrating Sui expanded WalletConnect's connectivity to over 600 wallet providers, increasing institutional access to DeFi.

What this means: This is bullish for WCT because unlocking transferability is fundamental for price discovery and community-led governance. It turns WCT into a liquid asset that holders can actively use, trade, and stake. (Kanalcoin)

Conclusion

WalletConnect is executing a clear development trajectory focused on cross-chain expansion, user experience automation, and decentralizing token utility. How will the activation of community fee proposals further shift governance power to WCT holders?

What is next on WCT’s roadmap?

TLDR

WalletConnect's development continues with these milestones:

  1. Launch Total Value Facilitated Metrics (2026) – Introducing a new metric to track the economic value flowing through the network.

  2. Expand WCT to More Blockchains (Ongoing) – Continuing multi-chain integration to increase utility and user base.

  3. Introduce Community Fee Proposals (2026) – Enabling tokenholders to propose and vote on network fee structures.

  4. Enable Permissionless Node Operations (2026) – Decentralizing network infrastructure by allowing anyone to run a node.

Deep Dive

1. Launch Total Value Facilitated Metrics (2026)

Overview: A key upcoming initiative is the launch of Total Value Facilitated (TVF) metrics. This will publicly track the aggregate economic value—such as DeFi transactions, staking, and payments—moving through the WalletConnect Network. It serves as a transparent gauge of network adoption and utility.

What this means: This is bullish for WCT because it provides a clear, quantifiable measure of the network's economic activity, potentially increasing investor confidence and highlighting its foundational role in web3. However, if growth metrics stall, it could underscore adoption challenges.

2. Expand WCT to More Blockchains (Ongoing)

Overview: The roadmap includes expanding WCT's presence beyond its current deployments on Optimism, Ethereum, and Solana. Recent integrations, like with the TON blockchain in March 2026 (WalletConnect), exemplify this ongoing multi-chain strategy to enhance interoperability and accessibility.

What this means: This is bullish for WCT because each new chain integration broadens the potential user base and utility, driving demand for the token. The risk is that rapid expansion could dilute development focus or face technical hurdles on new networks.

3. Introduce Community Fee Proposals (2026)

Overview: As part of decentralizing governance, the community will gain the ability to propose, discuss, and vote on implementing network fees paid in WCT. Initially, the network operates without fees, but this milestone will activate a key utility, creating a sustainable economic model.

What this means: This is bullish for WCT because it establishes a direct utility-driven demand sink, as usage would require fee payments. The bearish angle is that premature or poorly designed fee proposals could discourage developer and user adoption.

4. Enable Permissionless Node Operations (2026)

Overview: A planned shift to permissionless node operations will allow anyone to run relay infrastructure, further decentralizing the network. This move is intended to enhance network resilience, censorship resistance, and community participation.

What this means: This is bullish for WCT because it strengthens the network's foundational value proposition and could open new staking or reward mechanisms for node operators. The implementation complexity and need for robust security are key risks to monitor.

Conclusion

WalletConnect's roadmap focuses on quantifying value, expanding reach, activating token utility, and decentralizing infrastructure—a clear path toward becoming a mature, community-governed protocol. How will the activation of network fees influence WCT's demand as the ecosystem matures?

CMC AI can make mistakes. Not financial advice.