On Could 14, 2025, the WCT/USDT pair on Binance surged by 24% to succeed in a excessive of $0.6658 earlier than falling 7% to $0.6007. The token confirmed sturdy upward momentum earlier within the session, however promoting stress appeared close to the highest, triggering a notable pullback.

WCT Token Value Spikes Earlier than Reversal

The price motion started with a steep rally that pushed WCT nicely above the 50-period Exponential Transferring Common (EMA), which presently stands at $0.4678. This transferring common had acted as dynamic assist through the latest uptrend that began round Could 7. Because the rally accelerated, WCT crossed $0.53 and continued climbing earlier than hitting resistance just under $0.67.

The Relative Energy Index (RSI), a momentum indicator, peaked at 68.98—near the overbought threshold of 70. This sign means that the latest price surge could have stretched too far, too quick. When RSI approaches or crosses above 70, it typically signifies that consumers are dropping power.

In the meantime, the RSI has began to slope downward once more, displaying a possible momentum fade. This aligns with the intraday rejection close to the native excessive and helps the concept of momentary cooling within the rally.

Regardless of the pullback, the development stays bullish within the brief time period. WCT remains to be buying and selling nicely above the 50-period EMA, and the upper lows sample is undamaged. Nevertheless, the rejection at $0.6658 and the RSI nearing overbought territory level to a doable consolidation or minor correction section.

If WCT holds above the $0.53–$0.55 assist vary, the uptrend could resume. An in depth beneath this zone might sign the beginning of a deeper retracement. For now, bulls management the bigger development, however they should defend assist as promoting stress builds close to the latest excessive.

WalletConnect Unlocks Token Transferability, Increasing WCT Utility

On April 15, 2025, WalletConnect enabled full transferability of its native token, WalletConnect Token (WCT), marking a major milestone in its decentralization roadmap.

Beforehand, WCT was non-transferable, permitting holders to stake and take part in governance however to not commerce or transfer tokens between wallets. This restriction aimed to stabilize the community throughout its early phases and stop speculative volatility.

With transferability now energetic, WCT holders can freely switch tokens throughout wallets and exchanges. This modification broadens the token’s utility, supporting its roles in governance, staking, and community participation.

The transition to transferability adopted group discussions and a governance vote, aligning with WalletConnect’s dedication to decentralized decision-making.

The WCT token serves a number of features inside the WalletConnect ecosystem:

• Charges: Token holders can vote on introducing charges for community companies.

• Rewards: WCT is distributed to incentivize participation and improve community safety.

• Staking: Contributors can stake WCT to earn rewards and have interaction in governance.

• Governance: Holders can vote on proposals, influencing the community’s growth.

The preliminary provide of WCT is capped at 1 billion tokens, with allocations together with 27% to the WalletConnect Basis, 18.5% to airdrops, and 17.5% to rewards.

As WalletConnect continues to evolve, the activation of WCT transferability represents a key step towards a extra decentralized and community-driven community.