WalletConnect Token Airdrop Ignites Market Volatility, Leaving Crypto Assets in Flux

The WalletConnect Foundation’s recent airdrop announcement during the Solana Accelerate event has sent ripples through the cryptocurrency market. WCT witnessed a dramatic price surge from $0.35 to over $1.30 before a swift correction of 46%, highlighting volatility often triggered by such events. This ripple effect impacted other Solana-based projects like Jupiter and Phantom, as well as crypto markets in general.