🧠Analysis of WCT On-Chain Position Structure: Are Whales Locking Up, While Retail Investors Are Everywhere?
Recently, the market for WCT (WalletConnect Token) has experienced significant fluctuations, and many people are concerned: where exactly is the concentration of this token? Is it being controlled by whales? Today, I will help everyone break it down simply👇#WalletConnect
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🟢 A Chart to Understand WCT Holding Structure:
🔹 Total Supply: 10 billion tokens
🔹 Current Circulation: Approximately 187 million tokens (circulation rate less than 20%)
🔹 Market Cap Ranking: No.493
🔹 Number of Holding Addresses: Over 300,000!
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🧳 1. Are Whales Controlling the Market?
Most WCT is actually still locked up, with the core distribution structure as follows:
• ✅ Project Foundation: 27%
• ✅ Team Members: 18.5%
• ✅ Early Supporters: 11.5%
Most of these shares are locked linearly and will not be dumped all at once. Although the concentration of whales is not low, the release pace is controllable, so strong sell pressure cannot be formed in the short term.
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🧍♂️ 2. There Are Quite a Few Retail Investors
Previously, 50 million WCT was airdropped, covering over 130,000 users, with not much allocation per individual address, resulting in a holding structure that is somewhat “spread thin.”
🟡Meaning:
The WCT community is broad and widely distributed, with many airdrop users and a high proportion of retail investors.
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📆 3. Keep a Close Eye on Lockup Releases
The next few months are crucial:
• 🗓️ July and November will see some unlocking nodes
• 🐋 Keep an eye on whale movements, as sudden adjustments may cause volatility
However, currently, whales have not made large-scale withdrawals, indicating a stable period. @WalletConnect
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📌 4. My Thoughts
✅ Positive Points: High lockup ratio, low circulation, many retail investors, active project
⚠️ Points to Note: Future unlocking pace and whale dynamics will still affect prices
If whales choose to increase holdings or participate in governance, a new round of explosions may come; conversely, if cashing out becomes the main focus, caution is required in the short term. $WCT
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If you like this kind of breakdown, remember to like + follow!
I will continue to track WCT on-chain dynamics and inform you immediately if there are any whale movements🐳📉📈$WCT
