Crypto Drama: WalletConnect Token Soars 36% Thanks to Upbit’s Blessing!

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Ah, the WalletConnect Token, a creature of the digital realm, has experienced a most remarkable ascent, akin to a phoenix rising from the ashes, after the illustrious South Korean exchange, Upbit, proclaimed its listing. One can almost hear the collective gasp of traders as they clutch their wallets in anticipation.

In a proclamation that echoed through the corridors of the crypto world, Upbit announced that it would commence WCT transactions at the stroke of 09:00 UTC on the 16th of April. The exchange, in its infinite wisdom, has chosen to support this Optimism-based token with the Korean won, Bitcoin, and USDT trading pairs. One can only imagine the excitement brewing among the traders, as they prepare to engage in this delightful dance of numbers.

Indeed, WCT has already graced the platforms of several esteemed exchanges, including Binance, Bybit, OKX, and Bitget, to name but a few. It seems our dear token is quite the social butterfly in the crypto soirée.

Thanks to Upbit’s latest announcement, WCT has rallied a staggering 36% over the past day, now trading at a modest $0.55, a slight dip from its earlier high of $0.58. Such is the fickle nature of fortune in the world of cryptocurrency! 💸

The market cap of WalletConnect Token now hovers around $100 million, with a daily trading volume that flirts with the $600 million mark. A veritable feast for the eyes, one might say!

However, as the winds of change blow, data from CoinGlass reveals a curious trend: a sudden rise in short calls against WCT. Traders, it seems, are betting against this asset, with the total funding rate dipping to a rather dismal 0.2% below zero, accompanied by an open interest exceeding $90 million. Oh, the irony! Yet, as if to mock the skeptics, the funding rate has begun to rise again, now at 0.12% below zero, hinting at a resurgence of optimistic trader interest. How delightful! 😏

WCT’s price rally occurs amidst a broader crypto market that seems to be wandering through a rather gloomy landscape, with the global market cap down by 2.6%, resting at $2.63 trillion, according to CoinMarketCap. A curious juxtaposition, indeed!

Is Upbit the Lifesaver?

But lo! WCT is not the only token to bask in the glow of Upbit’s announcement. The exchange’s listing calls have ignited a bullish fervor in other tokens as well. Filecoin, for instance, has risen by 8%, while VIRTUAL has rallied a commendable 28%. And let us not forget VeThor, which has skyrocketed by an astonishing 230%. One can only wonder if these tokens have been sipping from the same cup of optimism! 🍷

In a delightful twist, even SAFE registered a 75% rally following Upbit’s announcement. It appears that the exchange is indeed a beacon of hope in these turbulent waters of cryptocurrency.

Upbit, the titan of South Korean exchanges, boasts a daily trading volume of $3.1 billion, as per CMC data. Truly, a force to be reckoned with in this ever-evolving digital landscape!

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2025-04-16 16:06