Trust Wallet Token (TWT) Undeterred Market Downtrends With Over 90% Gains

Trust Wallet Token (TWT) Undeterred Market Downtrends With Over 90% Gains
As calls for self-custody rage on, Trust Wallet Token has enjoyed unprecedented surges in the past week. On TWT’s week-on-week chart, the token has amassed over 90% gains. This comes as FTX’s debacle unfolds and traders grow wary of centralized exchanges. Furthermore, Binance’s CEO endorsed Trust Wallet in a recent tweet, resulting in more interest in the token. While several Redditors mentioned that Binance owning Trust Wallet was a turn-off, it didn’t stop the token from soaring. TWT also posted substantial gains on the day, with an intraday increase of 4.6%. It reached a local high of $2.34 before settling at its current price of $2.22 press time. Trust Wallet Token’s huge 90% gains undermine the overall market trend that still struggles to recover from the FTX’s collapse. Another catalyst is the recent browser extension launch and Binance and Coinbase integration news. Related Reading: Bitcoin Bearish Signal: 130k BTC Just Flowed Into Binance TWT Launches Browser Extension, Integrates with Top Exchanges The self-custody Trust Wallet is gaining popularity in the wake of FTX’s demise and the ..

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