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Trust Wallet Token (<a href="https://crypto.news/price/trust-wallet/">TWT</a>) has finally gained traction after 28 days of consecutive downward momentum. The hike comes with a massive surge in trading and social volumes. 
TWT is up 8.4% in the past 24 hours, making it the top gainer among the top 100 cryptocurrencies. The asset is trading at $0.815 with a $342 million market cap at the time of writing. 
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 <img decoding="async" loading="lazy" width="3840" height="1300" src="https://crypto.news/app/uploads/2023/09/Trust-Wallet-Token-TWT-11.52.34-12-Sep-2023.png" alt="Trust Wallet Token (TWT) price surges by 8% as social volume spikes - 12" class="wp-image-14193766">
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 TWT price, social volume and whale activity – Sept. 12 | Source: <a href="https://app.santiment.net/charts/JDDt1_a-__sCl" target="_blank" rel="noopener">Santiment</a>
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According to data provided by the market intelligence platform Santiment, <a href="https://crypto.news/trust-wallet-token-price-surged-by-30-amid-new-integration/">Trust Wallet Token</a>’s 24-hour trading volume skyrocketed by 460%, reaching $72.3 million. 
 You might also like: <a href="https://crypto.news/ethereum-is-the-least-loved-digital-asset-this-year-coinshares-report-shows/"> Ethereum is the ‘least-loved digital asset’ this year, CoinShares report shows </a> 
Moreover, Santiment data shows that TWT’s social volume rose 370% over the past day.&nbsp; 
On the other hand, whale transactions consisting of at least $100,000 worth of TWT have plunged by 100% since Aug. 28. This indicates that small investors have triggered Trust Wallet Token’s recent upward momentum.&nbsp; 
Historically, low volatility is expected when small trades drive an asset’s price. Consequently, InvestorsObserver <a href="https://www.investorsobserver.com/news/crypto-update/should-you-buy-trust-wallet-token-twt-monday-2" target="_blank" rel="noopener">gives</a> a low-risk score to TWT, making it a “good investment.” 
On-chain data <a href="https://bscscan.com/token/0x4b0f1812e5df2a09796481ff14017e6005508003" target="_blank" rel="noopener">shows</a> that the number of TWT holders has been slowly rising. It saw a 0.001% hike in the past 24 hours and reached 318,359 unique addresses. 
It’s important to note that Binance crypto exchange, Trust Wallet’s owner, <a href="https://crypto.news/binance-to-remove-shib-fxs-twt-and-1inch-from-innovation-zone/">removed</a> TWT and three other tokens from its innovation zone. 
 Read more: <a href="https://crypto.news/justin-sun-considers-an-offer-for-ftxs-crypto-assets-to-prevent-potential-market-crash/"> Justin Sun considers ‘an offer’ for FTX’s crypto assets to prevent potential market crash </a>

Trust Wallet Token (TWT) price surges by 8% as social volume spikes

crypto.news

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