WalletConnect Token Expands to Solana and Will Airdrop 5 Million WCT

Following the launch of Ethereum and Optimism's OP mainnet, WalletConnect's WCT token has been launched on Solana. The WalletConnect Foundation will airdrop 5 million WCT to active Solana users through partners such as Phantom, Jupiter, Backpack, and Solflare. Founder and director Pedro Gomes stated that these 5 million tokens are part of the 185 million WCT airdrop reserved by the foundation last September. The foundation mentioned that this will be the second large-scale WCT airdrop, following the distribution of 50 million tokens to the WalletConnect community in the first quarter of last year. The airdrop claim for Solana users will open this summer, with eligibility criteria, distribution schedule, and claim instructions to be announced in the coming weeks. WCT is currently trading at approximately $0.60, making the airdrop worth about $3 million at current value.