WalletConnect’s Token $WCT Goes Live Across Major Exchanges with Backing from Key Market Makers
The post WalletConnect’s Token $WCT Goes Live Across Major Exchanges with Backing from Key Market Makers appeared on BitcoinEthereumNews.com.
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…
Filed under: News - @ April 16, 2025 7:22 am