The WalletConnect (WCT) Token experienced a notable surge of 11.6% following news that stakers on Jupiter platform will be eligible for an upcoming airdrop linked to WCT’s expansion onto the Solana network. As anticipation builds for the token launch scheduled later this month, the price of WCT is currently trading at $1.06 according to CoinGecko. This recent spike follows a 276.8% rise in value over the past month, rising from $0.2814 on April 15th. The announcement was made by WalletConnect Foundation founder Pedro Gomes at the Solana Accelerate event, detailing that WCT will launch via Wormhole’s Native Token Transfers standard later this month. Airdrop details are still under development, but a claim of 5 million WCT tokens is anticipated for eligible Solana users. These users include those already active in the ecosystem through platforms like Jupiter, Phantom, Backpack, and Solflare, which have been tasked with identifying eligible individuals and distributing tokens. The WalletConnect Foundation aims to identify true users actively building on Solana, similar to their previous token distribution in 2024 for early contributors across the Ethereum and Optimism ecosystems. The expansion to Solana marks WCT’s transition into a multichain token after deployments on Ethereum and Optimism.