GSR Invests $3.46 Million in Binance for WCT Market-Making

GSR Markets has made a significant move to bolster the liquidity of WalletConnect Token (WCT). The firm deposited 7 million WCT, valued at $3.46 million, into Binance today for market-making activities. This strategic action enhances the overall liquidity and helps stabilize prices during this exciting new market phase for WCT. GSR and Flow Traders, with a combined holding of 8% of the initial circulating supply, are actively contributing to price stability and ensuring a robust market environment.