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The WalletConnect token (WCT) exploded under the spotlight after a spectacular price turnaround, increasing more than 100% only a few days after a sharp post-publishing drop.

Shortly after its long -awaited beginnings, WCT increased from $ 0.40 to $ 0.27, widely fired by a sale of the first beneficiaries of the air range.

WalletConnect, a basic protocol for the web 3 ecosystem, distributed more than 50 million tokens as part of its decentralization plan, with 18.5% of the supply for community incentives.

The initial sales pressure seemed expected. But what came then was less predictable: a net rally at $ 0.65, more than double its lower price. WCT is negotiated about $ 0.47, which is still well above its early drop.

The return was catalyzed by the upcoming lists on the biggest exchanges of South Korea, Upbit and Bithumb.

With WCT now presented on Binance, Okx, Bybit, Kraken, Gate.io and Bitget; Upbit’s announcement added a powerful layer of momentum on the market.

South Korean retail merchants are known to trigger rallies in newly listed tokens; WCT was no exception. Within 24 hours of confirmation of the Upbit list, WCT jumped 36%, rubbing a new summit of $ 0.58.

WCT and exchange frenzy price disparities

As the popularity of WCT soars, notable price gaps have been formed between centralized exchanges.

On Binance, WCT was negotiated at $ 0.62, significantly higher than the $ 0.539 observed on OKX.

This divergence is probably due to variations in liquidity, arbitration opportunities and regional demand peaks, in particular with the current Korean lists.

With Upbit and Bithumb confirming WCT / KRW points lists on April 16, demand should increase South Korean traders who often stimulate intense short-term speculation.

These announcements are part of the calculated push of WalletConnect to decentralize its ecosystem and extend the usefulness of the tokens.

The WCT token is officially transferable on April 15, 2025, meeting all the criteria previously established by the WalletConnect Foundation.

These included the launch of ignition pools, integration node operators, the WalletConnect certified portfolio program and the recent open source of the central code.

The realization of these technical steps and focused on the community laid the foundations for the distribution and integration of exchange of WCT.

In particular, volatility has not dissuaded the interests of investors, current data showing a rebound in the optimism of traffic.

Gate.io has joined the listing of listing with a WCT negotiation competition of $ 10,000, while Kraken, Bybit and Bitget announced almost simultaneously announcements.

Controversies, market manufacturers and transferability issues

However, all the excitement around WCT was not festive. Critics have raised concerns about the time of the tokens list and the initiate acquisition calendar.

Some have accused WalletConnect of “playing at the Starknet Crime Playbook”, referring to previous cases in which initiates in tokens would have benefited from shorter than disclosed acquisition periods.

According to criticism, the initiates of the case of WalletConnect will actually have their allocation unlocked five months earlier than the traditional calendar of one year, potentially allowing them to empty tokens in the middle of the media threshing of the market.

The addition of fuel to fire, market detectives on Crypto Twitter identified GSR.IO as the manufacturer of suspicious markets behind WCT.

They cite trading models suspicious similar to those observed in past launches such as Gala, Bigtime and Arkm.

A chain analyst said that it cost $ 16,000 in gas to check the involvement of GSR by following the addresses of the portfolio and that around 2.8 million WCT tokens were linked to their operations.

Others have started to offer tutorials on identifying these models, suggesting that professional merchants often leave subtle clues.

Despite criticism, the transparency of WalletConnect on certain aspects of the project, in particular around transferability criteria, has won praise.

While market manufacturers, registration peaks and price gaps can dominate short -term narrative, WCT’s real test will be available in its ability to generate long -term value for users, developers and stakeholders.

The post WCT rises 100% after emptying the stands – the price difference widens before the inscriptions of the Korean exchanges appeared first on Cryptonews.

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