WalletConnect’s Token $WCT Goes Live Across Major Exchanges with Backing from Key Market Makers

A chief advance for the WalletConnect ecosystem was taken today, April 15th, at 11:00 AM UTC, when its native token, $WCT , officially launched on several leading cryptocurrency exchanges. The listing was executed across a broad array of platforms simultaneously, including Binance, OKX, Bybit, Bitget, MEXC, KuCoin, Kraken, Gate.io, CoinList, and other prominent exchanges. The starting price set for trading $WCT was $0.40. WalletConnect, an open-source protocol best known for enabling seamless connections between decentralized applications (dApps) and users’ crypto wallets via QR codes or deep links, has now launched its utility token to support and incentivize participation within its expanding network. As the 67th project to debut through Binance Launchpool, WalletConnect has attracted considerable attention both from retail investors and institutional players. Strong Market Maker Support Major institutional players in the crypto trading ecosystem have taken notice of the launch of $WCT. The early liquidity and price stabilization efforts of the token are being significantly undertaken by two of the industry’s largest market makers—GSR Markets and Flow Traders. Both GSR and Flow Traders have been assigned each 7.5 million $WCT tokens for the purpose of market making. GSR Markets has already acted decisively, sending 2.8 million of its assigned tokens to exchanges to ensure sufficient liquidity and to guarantee that trading of the token will be smooth during the early days of its listing. Flow Traders, on the other hand, is still in the process of testing its systems and is making only small transfers to a few exchanges as it prepares to roll out its larger assignment of tokens. GSR Markets 和 Flow Traders 为币安 Launchpool 新币 $WCT 的两大做市商 – GSR Markets：做市代币 750 万枚，已有 280 万枚充值进交易所 https://t.co/kq70NGKK1f – Flow Traders：做市代币 750 万枚，正在向交易所进行小额转账测试 https://t.co/yIa6Wt3kMD 两大做市商的做市代币占初始流通量的… pic.twitter.com/U6Ueg6yg5f — Ai 姨 (@ai_9684xtpa) April 15, 2025 Collectively, these two institutions have made market-making agreements covering 15 million $WCT—equal to 8% of the initial circulating supply of the token. When major trading firms invest at this level, it usually is taken as a sign that they believe in the long-term viability of the token and its demand in the marketplace. From CoinList to Global Exchanges Prior to its actual exchange listings, $WCT had started to gain traction as a result of a token sale held on the platform CoinList. The token sale generated a considerable amount of investor interest, which can likely be attributed to WalletConnect’s strong reputation and the project’s broad appeal as a key piece of Web3 infrastructure. WalletConnect, as one of the most widely used connection protocols in the Web3 space, supports thousands of wallets and dApps across many chains, including Ethereum and Solana. The strategic approach and astute execution taken during the transition from token sale to public trading have paid off handsomely for the WorldChess team. They now have the coverage and attention that they— and their product— deserve. The benefits that have accrued are too numerous to catalogue fully, but they certainly include: — prompting and channeling early community engagement with $WCT; — harnessing, to a significant degree, the power of the Binance user base for initial product (token) awareness; — providing initial, immediate visual focus for the working chess platform (now that the threshold of public trading has been crossed). And these are just a few of the obvious advantages. In truth, there are probably far more that won’t become clear until they unfold over the next few months. Early Market Reaction and Outlook Now that trading is live, market participants are watching $WCT closely to gauge initial price action, assess liquidity levels, and size up market depth. The starting listing price of $0.40 is a useful benchmark, but price discovery is often a rocky process, with token prices tending to experience a bit of volatility in the first few days of trading as a natural equilibrium is found. GSR Markets and Flow Traders are expected to be a stabilizing presence in the early trading of $WCT. They can help compress spreads, reduce slippage, and boost trading volumes—three key factors for any new token that wants to make its mark. Stability, after all, can lead to efficiency; efficiency can lead to broad adoption. The WalletConnect team has dropped hints that it has plans for future development that will take its utility layer in new directions and also diversify the kinds of token-based economic incentives that it offers to developers and end-users in order to engage them more deeply. When $WCT enters the open market, it is crucial to watch how it integrates into the broader WalletConnect ecosystem. It also is important to see whether it performs as well as many in the crypto space have seemed to expect since its token sale and Launchpool debut. With well-placed institutional backing and a corresponding appearance across nearly every significant exchange, $WCT is looking like a serious connectivity player in decentralized finance. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. 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