Upbit Revises WCT Circulation Plan, Increasing Token Supply by 8.2M
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 12 2026- Circulation Plan Adjustment: Upbit announced an increase in WalletConnect (WCT) circulating supply from 351,144,932 WCT to 359,328,670 WCT for Q1, adding 8.2 million tokens, reflecting a dynamic response to market demand that could impact investor confidence and liquidity.
- Enhanced Transparency: This adjustment was made at the explicit request of the WalletConnect project team, indicating a coordinated strategy between Upbit and project developers, which enhances market trust and may encourage broader community participation.
- Market Impact Analysis: While the increased token supply could exert downward pressure on price, the transparent and pre-announced nature of this adjustment may lead to a relatively mild market reaction, prompting investors to reassess the new circulation timeline.
- Governance Power Distribution: As the governance token for the WalletConnect protocol, changes in WCT supply will directly affect governance power distribution, potentially fostering greater community engagement and increasing project development funding, thereby driving long-term success for the protocol.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
