Following its launch on Upbit, the biggest bitcoin exchange in South Korea, WalletConnect Token Surges gained over 36% this week, which caused a major price spike in the market. For WalletConnect, a top protocol in Web3 interoperability, this is a major turning point as it moves from infrastructure to tokenization under increasing market demand and community impetus.
WCT Price Spike Following an Upbit List
Upbit formally revealed on May 19, 2025 the WalletConnect Token (WCT) listing for trading against the South Korean won (KRW), hence increasing buying volume. WCT surged by 36% within hours after the announcement, rising from roughly $0.34 to over $0.46 before somewhat reversing. Along with reflecting the usual market excitement after significant exchange listings, this rise highlights the growing interest in Web3 interoperability solutions and cross-chain communication technologies.
Particularly because of its dominant posture in South Korea and substantial local user base, Upbit’s impact on token markets is well-documented. Tokens listed on Upbit often see transient price swings brought on by liquidity flood, retail FOMO (fear of missing out), and speculative momentum. The WCT event reflects historical events such Solana (SOL) and Axie Infinity (AXS), both of which appreciated significantly in price following their respective top-tier Asian exchanges.
Why does WCT matter and what is WalletConnect?
Decentralized Web3 protocol WalletConnect allows safe communication between wallets and distributed apps (dApps) over several blockchain systems. Originally launched in 2018, it evolved into a fundamental tool for Web3 developers and has been included into systems by big companies as MetaMask, Rainbow, and Trust Wallet.
The WalletConnect Token (WCT) marks the movement in the protocol toward token-based utility and governance. It is meant to empower the WalletConnect DAO, therefore allowing token holders a voice in important decisions about security standards, ecosystem grants, and protocol changes. More than merely a governance tool, the token also has possible future uses in staking, fee payments, and incentive driving developer participation.
WCT’s inclusion on Upbit indicates that, particularly those with strong utility cases and developer uptake, institutional and retail investors in Asia are starting to value infrastructure-level Web3 tokens.
Sentiment in the Korean market and the upbit effect
The fervent attitude of the South Korean crypto market toward newly discovered digital assets is well-known. Gateways for new initiatives seeking legitimacy and liquidity in the East Asian area include exchanges like Upbit and Bithumb. WCT’s recent breakout has been much aided by the “Upbit Effect,” the moniker used to characterize the typical price surge accompanying new token listings on the platform.
Korean traders, whose tastes sometimes differ from Western markets, greatly impact trading pairs on Upbit. For instance, Korean investors want tokens with great community participation, significant social media presence, and creative tech underpinnings. WalletConnect checks all these criteria with its emphasis on Web3 composability and cross-chain connectivity.
Moreover, South Korea’s government’s desire in fostering blockchain innovation and its regulatory clarity on digital assets provide perfect environment for tokens like WCT to grow. Although Upbit’s listing is a temporary boost, the larger story of Asia adopting distributed protocols gives WCT’s path long-term legitimacy.
Technical Research and Market Forecast
Strong volume and RSI (Relative Strength Index) momentum confirm that the recent price movement in WCT shows a positive breakout above past resistance levels. Wallet transfers and on-chain activities accompanied the 36% increase to show active accumulation.
Now in a price discovery zone, WCT has technical analysts staring at the $0.50 level as the next significant barrier. Should the token gather above $0.42 under consistent volume, a move toward $0.60 is likely. Still, early traders probably produce short-term corrections as well since they take winnings.
Beyond mere technical measures, WalletConnect’s roadmap—which supports account abstraction, wallet identity layers, and zero-knowledge (ZK) proofs—determines the long-term worth of WCT. WCT is a coin to keep an eye on going forward 2025 and beyond since these anticipated developments fit more general crypto trends.
Tokenized Web3 Infrastructure Get Popular
The recent momentum of WalletConnect aligns with a larger Web3 infrastructure token trend. Protocols allowing cross-chain activities, anonymity, and developer tools are becoming ever more important as the market develops beyond speculative trading into real-world usage.
Among these other tokens are Pocket Network (POKT), Chainlink (LINK), and The Graph (GRT). Like WCT, these tokens usually comprise the “plumbing” of Web3 ecosystems and have basic backend purposes for distributed apps. Attractive to long-term investors seeking viable blockchain initiatives, their value comes from actual use rather than hype.
WalletConnect becomes absolutely essential as dApps get more sophisticated and demand flawless interoperability. This functional need gives WCT a layer of intrinsic value that can help it to withstand volatility during market corrections.
Industry Reactions and Ecosystemological Response
With many developers and Web3 initiatives stressing the token’s usability and WalletConnect’s contributions to distributed identification and safe connectivity, the crypto community has responded favorably to the WCT listing. Previous compliments on WalletConnect’s connections in allowing smooth DeFi user experiences have come from influential people including Antonio Giuliano, creator of dYdX, and Kain Warwick, founder of Synthetix.
Furthermore depending more and more on WalletConnect for user identification and wallet linking is the larger Web3 ecosystem, which comprises DAUs, NFT platforms, and Layer 2 networks. WalletConnect is positioned to continue at the hub of wallet communication infrastructure as multi-chain techniques and modular blockchain architectures become more common.
WalletConnect Token’s future is what?
Although WCT has made a great stride with the Upbit listing, more changes lay ahead. The WalletConnect crew has made hints about forthcoming alliances, possible cross-chain staking systems, and closer DAO connections. Effective implementation of these might make WCT a governance and utility hub for a greater spectrum of Web3 technology not only for WalletConnect.
Future listings on other big exchanges as Coinbase, Binance, or OKX could also help to increase awareness and acceptance. The longevity and value capture of the coin will depend much on the team’s capacity to promote ecosystem utility while preserving decentralizing ideas.
