WalletConnect Token (WCT) Price Prediction

Deep Dive

1. Supply Unlock Schedule (Bearish Impact)

Overview: With a max supply of 1 billion, only about 383.5 million WCT (38.4%) are circulating as of May 20, 2026. Major unlocks have already occurred, like the 10.06 million token ($11.6M) unlock on November 25, 2025. However, the fully diluted valuation (~$62.8M) is more than double the current market cap (~$24.1M), indicating significant future dilution risk if unlocked tokens are sold.

What this means: This overhang is a structural bearish pressure. Price rallies could be capped or reversed by incoming supply, especially if large holders (team, backers, foundation) sell. Monitoring the circulating supply change and treasury management plans is crucial.

2. Network Growth & Fee Implementation (Bullish Impact)

Overview: WalletConnect powers over 150 million connections across 600+ wallets and 70,000+ apps, moving "billions in value" weekly. The proposed but not yet active fee structure would require usage fees paid in WCT, creating direct utility demand. The roadmap includes launching Total Value Facilitated (TVF) metrics and community fee proposals.

What this means: If the network continues its growth trajectory and the community activates a fee model, it could create a sustainable buy-side demand for WCT, directly linking token value to ecosystem usage. This is a key long-term bullish driver.

3. Governance & Staking Utility (Mixed Impact)

Overview: Decentralization is progressing with the WalletConnect Council, and a new perpetual staking model was proposed in July 2025. Currently, 121.3 million WCT are staked, offering rewards. Governance allows tokenholders to vote on key upgrades and fee mechanisms.

What this means: Effective governance that enhances utility can be bullish, attracting long-term holders. However, if staking rewards are insufficient or governance decisions are contentious, it could lead to disengagement and selling. The shift to a DAO must demonstrate clear value to sustain holder interest.

Conclusion

WCT's path involves a tug-of-war between its strong, growing utility network and the persistent threat of supply inflation. For a holder, patience is required as real demand must absorb future unlocks.
Will network fee adoption outpace the vesting schedule of locked tokens?