According to the real-time price page on KuCoin, the WalletConnect (WCT) token has dropped 95.43% from its all-time high of $1.37, while still up 25.55% from its all-time low of $0.05. As the native utility token of the WalletConnect protocol, WCT is used to pay for network fees, incentivize node operators, and facilitate seamless connections between decentralized applications (dApps) and wallets.
Price History and Supply Data
WalletConnect launched its mainnet and introduced the WCT token in early 2025. Initially, the market rewarded the protocol's critical role as the communication layer for Web3, driving the price to an all-time high of $1.37. However, as the broader crypto market entered a correction and token unlock schedules began to exert selling pressure, WCT fell sharply to an all-time low of $0.05. While the current price has recovered modestly from the bottom, it remains far from its peak.
As of May 25, 2026, the circulating supply of WCT is 383,508,609 tokens, representing roughly 38.35% of the maximum supply of 1 billion. The remaining over 600 million tokens are yet to be unlocked, posing potential headwinds as future unlocks may increase selling pressure.
Storage and Trading Options
Users can store WCT in several ways: custodial wallets on exchanges like KuCoin offer convenience and real-time price updates without the need to manage private keys; alternatively, self-custody wallets (browser, mobile, or desktop), hardware wallets, third-party crypto custodians, and paper wallets are also available. For active traders, centralized exchanges provide liquidity and instant order matching, with KuCoin supporting WCT/USDT and other trading pairs.
Market Sentiment and Outlook
The current market environment for WCT is mixed. On the positive side, WalletConnect's technology has been adopted by hundreds of wallets and thousands of dApps, giving it strong fundamental utility. The protocol continues to process millions of connections monthly, underscoring its role as Web3's infrastructure. However, the tokenomics — specifically the high maximum supply of 1 billion and the large portion yet to be circulated — create uncertainty. The price has already suffered a steep decline, and any further unlocks could suppress recovery.
Looking ahead, WCT's price trajectory depends on several factors: the pace and volume of future token unlocks, the protocol's ability to generate fee revenues that may drive buybacks or burns, and overall market sentiment toward infrastructure tokens. If WalletConnect introduces a deflationary mechanism, such as fee burning or staking rewards that reduce circulating supply, it could attract longer-term holders. Conversely, if unlocks proceed without corresponding demand growth, the token may continue to test lower support levels.
Investors should monitor key on-chain metrics — especially the rate of new wallet activations and WCT transfer volumes — as well as exchange listings and partnership announcements. While the token's current price is deeply discounted, the road to a sustained recovery requires both improved tokenomics and robust ecosystem expansion.