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Trust Wallet Token

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Trust Wallet Token (<a href="https://crypto.news/price/trust-wallet/">TWT</a>) started October at around $0.77 and remains bullish. With the latest rally, however, the price-daily active addresses (DAA) divergence suggests that the upward momentum is waning. 
TWT is the top gainer among the top 100 cryptocurrencies, <a href="https://www.coinlore.com/coin/trust-wallet-token" target="_blank" rel="noopener">rising</a> 12% on the last day. The asset is trading at $0.90 with a total market cap of roughly $377 million at the time of writing. 
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 <img decoding="async" loading="lazy" width="1024" height="347" src="https://crypto.news/app/uploads/2023/10/Trust-Wallet-Token-TWT-12.00.23-05-Oct-2023-1024x347.png" alt="Trust Wallet Token surges 12% despite active users falling - 5" class="wp-image-14200826">
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 TWT whale activity, social volume, trading volume and active addresses – Oct. 5 | Source: <a href="https://app.santiment.net/charts/PF2YLds4__sCl" target="_blank" rel="noopener">Santiment</a>
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Trust Wallet Token’s recent rally pushed the average daily trading volume of the last day by 1,250% to almost $190 million. 
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According to data provided by the market intelligence platform Santiment, there have been no whale transactions with over $100,000 worth of TWT since Aug. 29. This suggests that holders might not move the assets into self-custody, indicating high volatility. 
Moreover, Santiment data shows that <a href="https://crypto.news/trust-wallet-token-twt-price-surges-by-8-as-social-volume-spikes/">Trust Wallet Token</a>’s active wallets have been at their lowest since Aug. 22. In simple terms, investors have been buying TWT on exchanges and storing until a favorable price target is reached. Moreover, TWT trading volume is directly from exchanges. 
According to the analytics platform, TWT’s price DAA divergence just dropped to negative 109%. The indicator relates the token’s price and the number of active addresses.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="347" src="https://crypto.news/app/uploads/2023/10/Trust-Wallet-Token-TWT-12.00.28-05-Oct-2023-1024x347.png" alt="Trust Wallet Token surges 12% despite active users falling - 6" class="wp-image-14200827">
 <figcaption class="wp-element-caption">
 TWT price DAA divergence – Oct. 5 | Source: Santiment
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</figure> 
While the DAA divergence indicates a strong sell signal, per Santiment, TWT’s social volume is up 180% in the last two days. 
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Trust Wallet Token surges 12% despite active users falling

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