Ethereum

Token

Trust Wallet Token

Bitcoin

<figure><img src="https://u.today//sites/default/files/styles/1200x900/public/2023-06/36180.jpg" alt="Cover Image" width="800"
 height="500">
 <figcaption>Cover image via <a href="https://u.today/">U.Today</a></figcaption>
 </figure>At a time when the digital currency ecosystem is seeing a dominant price slip, tokens with positive momentum typically stand out. Trust Wallet Token (TWT) is one such token whose growth has been extraordinary in the past 24 hours. At the time of writing, TWT is trading at a spot price of $0.8152 after <a href="https://coinmarketcap.com/currencies/trust-wallet-token/">printing</a> a 10% upshot to lead the altcoin trend.<img alt="TWT Daily Chart" data-entity-type="file" data-entity-uuid="4025b751-2a31-4c3d-9a00-419a6a78dd11" src="https://u.today/sites/default/files/inline-images/TWT_1D_graph_coinmarketcap.jpeg" />TWT/USD 1D Chart. Source: <a href="https://coinmarketcap.com/currencies/trust-wallet-token/">CoinMarketCap</a>For reference, TWT's growth far outstrips that of Bitcoin (BTC), Ethereum (ETH) or any digital currency in the top 100, as listed by market capitalization.Bitcoin is changing hands at $24,864.38 atop a 4.21% loss as market sentiment turned bearish following the unsolicited testimony of Prometheum CEO Aaron Kaplan <a href="https://u.today/prometheum-ceo-sides-with-sec-on-crypto-regulation-is-there-hidden-agenda">testifying</a> before the U.S. House Financial Committee that the Securities and Exchange Commission (SEC) has the template needed to regulate the crypto ecosystem.TWT has defied the market order as retail buy-up over the past 24 hours has intensified. Per CoinMarketCap's data, the total trading volume of TWT jumped by more than 620% to $90 million. This massive jump in trading volume is indicative of a genuine retail buy-up from members of the Trust Wallet community.<h2 id="genuine-confidence-amid-crackdown">Genuine confidence amid crackdown</h2>One crucial advantage that investors in TWT are possibly holding onto is the safe bet on the token drawing on its fundamental perception. With the SEC labeling many digital currencies as investment contracts, the utility of TWT to power the decentralized Trust Wallet ecosystem has lent some confidence to investors.The trust in the future potential of TWT is so strong that current buyers are unfazed by the <a href="https://u.today/former-sec-official-binance-gearing-up-for-criminal-prosecution">uncertainty surrounding</a> its parent company, Binance, against which the SEC <a href="https://u.today/breaking-sec-unleashes-legal-fury-on-binance-and-cz-bnb-plunges">filed a lawsuit</a> earlier this month for illegally operating in the U.S.Trust Wallet operates independently, and there are expectations that irrespective of the outcome of the suit, the platform and its native token will be safe.

Trust Wallet Token (TWT) up 10%, Here's What's Behind Run

Table of Contents

U_Today

Other articles published on Jun 15, 2023

European Central Bank (ECB) Maintains Interest Rates, Bitcoin Price Finds Relief

Something big is coming

AVAX Sees Potential Recovery: Key Resistance Level Looms Ahead

BitMart Exchange First listing of WEMIX$

XRP's Price Behavior Has Silver Lining

Bitcoin: Solo miner wins $160,000 with old equipment!

Join our free newsletter for daily crypto updates!

Trust Wallet Token (TWT) up 10%, Here&#039;s What&#039;s Behind Run