WalletConnect Token (WCT) Price Prediction

Deep Dive

1. Governance & Fee Utility Activation (Bullish Impact)

Overview: The WCT token is designed for governance, staking, and paying network relay fees. The project's documentation states that "governance and fees features are expected to be unlocked in the near-term." This activation is a critical near-term catalyst that could transform WCT from a speculative asset to a utility token with embedded demand. Increased onchain activity would directly translate to fee burn or staking rewards.

What this means: This is bullish because it creates a tangible, recurring use case for WCT. If the WalletConnect network continues to facilitate billions in value as reported (WalletConnect), demand for WCT to pay fees or participate in governance could rise, supporting its price floor and valuation.

2. Major Token Unlocks & Supply Inflation (Bearish Impact)

Overview: The circulating supply is 434.3M out of a 1B total. Historical data shows major unlocks, like the 10.07% of supply ($11.6M) unlocked on November 25, 2025 (BlockBeats). The fully diluted valuation is ~$40M, far above the current $17.4M market cap, indicating massive potential dilution.

What this means: This is a primary bearish risk. As locked tokens vest and enter circulation, they increase sell-side pressure. If new demand from utility or adoption fails to absorb this new supply, the price could face persistent downward pressure, a common pattern for tokens with high vesting schedules.

3. Exchange Dynamics & Network Growth (Mixed Impact)

Overview: WCT gained liquidity through listings on Coinbase and Binance in 2025, but recently faced a delisting from KuCoin's Cross Margin service on June 3, 2026 (KuCoin). Fundamentally, the network is robust, powering 150M+ connections for 23M+ users.

What this means: The mixed exchange news creates volatility. Major listings are bullish for accessibility and liquidity, while delistings can reduce trading avenues and signal regulatory or compliance scrutiny. The strong underlying adoption (Blockworks) provides a bullish counter-narrative, but price appreciation ultimately depends on whether user growth can outpace the token supply inflation.

Conclusion

WCT's path is a race between rising utility and a flood of new tokens. Near-term price action will be sensitive to feature launches, while the long-term trend depends on absorbing unlock-driven supply.

Will network adoption generate enough demand to overcome the 565M+ tokens yet to be released?