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Trust Wallet Token

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 <p class="is-style-lead">Trust Wallet Token (TWT) started October at around $0.77 and remains bullish. With the latest rally, however, the price-daily <a rel="noopener noreferrer nofollow" title="active" href="https://thebittimes.com/tag/active.html">active</a> addresses (DAA) divergence suggests that the upward momentum is waning.</p>
 <p>TWT is the top gainer among the top 100 cryptocurrencies, rising 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.</p>
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   <img decoding="async" width="1024" height="347" src="https://cdn.thebittimes.com/images/2023/10/05/abe6d382d1854c23e4ce9fc131b0e53a.webp" alt="Trust Wallet Token surges 12% despite active users falling - 1"> 
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   TWT whale activity, social volume, trading volume and <a rel="noopener noreferrer nofollow" title="active" href="https://thebittimes.com/tag/active.html">active</a> addresses – Oct. 5 | Source: Santiment
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 <p>Trust Wallet Token’s recent rally pushed the average daily trading volume of the last day by 1,250% to almost $190 million.</p>
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 <p>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.</p>
 <p>Moreover, Santiment data shows that Trust Wallet Token’s <a rel="noopener noreferrer nofollow" title="active" href="https://thebittimes.com/tag/active.html">active</a> 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.</p>
 <p>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 <a rel="noopener noreferrer nofollow" title="active" href="https://thebittimes.com/tag/active.html">active</a> addresses.&nbsp;</p>
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   <img decoding="async" width="1024" height="347" src="https://cdn.thebittimes.com/images/2023/10/05/4452ac55f1d35e40b5b7d4a43cc15f1c.webp" alt="Trust Wallet Token surges 12% despite active users falling - 2"> 
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   TWT price DAA divergence – Oct. 5 | Source: Santiment
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 <p>While the DAA divergence indicates a strong sell signal, per Santiment, TWT’s social volume is up 180% in the last two days.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trust-wallet-token-surges-12-despite-active-users-falling-tbt65199.html">https://thebittimes.com/trust-wallet-token-surges-12-despite-active-users-falling-tbt65199.html</a></p>

Trust Wallet Token surges 12% despite active users falling

TheBitTimes

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