WalletConnect's native token WCT has experienced substantial gains over recent days, surging by as much as 42.65% in a 24-hour period and reaching a market capitalization of approximately $177 million with trading volumes exceeding $422 million. The token's price approached $1.08, corresponding to a fully diluted valuation (FDV) of $1.08 billion. This rally coincides with WalletConnect's strategic airdrop of 5 million WCT tokens to active Solana users through partnerships with Phantom, Jupiter, Backpack, and Solflare wallets. Additionally, Myriad Markets has distributed $140,000 worth of WCT tokens as rewards to participants in its WalletConnect prediction markets, further fueling interest. Meanwhile, other cryptocurrencies such as Quant (QNT), aixbt by Virtuals (AIXBT), and ether.fi (ETHFI) posted gains above 14%, while Ultima (ULTIMA), BUILDon (B), and Monero (XMR) saw declines. On May 29, Ethereum (ETH) outperformed major cryptocurrencies, rising over 3% to above $2,700, while Bitcoin (BTC) traded near $108,000, down about 1%. The positive momentum in crypto markets followed a U.S. Court of International Trade ruling that blocked former President Donald Trump's tariffs, which also buoyed U.S. stock index futures. Other notable gainers included Toncoin (TON), Uniswap (UNI), and SPX6900 (SPX).