cleu

#WalletConnect Token ($WCT ) is the native token powering the WalletConnect protocol, used for governance, staking, and incentivizing network contributors. While WCT supports a legitimate and widely adopted infrastructure connecting over 600 wallets and 40,000+ dApps with around 23 million users, the token has seen volatile price swings, peaking near $1.37 in May 2025 and dropping over 70% since. Despite strong fundamentals, red flags exist: Reddit users report aggressive WhatsApp promotions and compare WCT to pump-and-dump schemes like #CLEU , while concerns about token dilution through heavy airdrops persist. With a current price around $0.32 and market cap under $70M, WCT remains a high-risk asset where utility meets speculation. Caution is advised, especially for retail investors, due to the token's erratic trading patterns and possible insider dumping.