Труст Валлет Токен расте за 90% за недељу дана; Зашто се ТВТ окупља?

Као и највише цриптоцурренциес battle to contain losses triggered by the ФТКС exchange collapse, the Trust Wallet Token (ТВТ) continues to record gains in defiance of the general market sentiment. 

Indeed, by press time on November 18, TWT was trading at $2.2, recording gains of almost 10% in the last 24 hours. At the same time, the native asset of the Trust крипто новчаник has rallied by about 92% on the weekly chart, according to ЦоинМаркетЦап података. 

Trust Wallet Token 7-day price chart. Source: CoinMarketCap

TWT, which has received sustained attention in the wake of the FTX debacle, is also recording a spike in capital inflow. The token controlled a market capitalization of $950.47 million by press time, adding about $460.27 million in a week. The valuation topped $1.1 billion on November 14. 

Trust Wallet Token 7-day market cap chart. Source: CoinMarketCap

Why TWT is rallying

The token is a direct beneficiary of the FTX exchange crisis, with most investors moving away from trading platforms. Notably, FTX, which ranked among the leading крипто размене at its peak, was hit with a криза ликвидности sending shockwaves into the market as traders on other exchanges opted to store their crypto holdings on external wallets. 

This element was highlighted by on-chain data from the crypto analysis platform Глассноде, индицатинг that the FTX collapse has pushed investors to withdraw Bitcoin (BTC) from exchanges at a record rate of 106 BTC per month. 

Табела биланса размене биткоина. Извор: Глассноде

TWT whale accumulation

At the same time, with TWT still relatively affordable, the asset is witnessing increased кит акумулација. prema to data by Сантимент, TWT’s supply rate held by addresses with a balance of between 1,000 TWT and 10 million TWT spiked amid the altcoin’s ongoing uptrend. 

Trust Wallet Token address balance. Source: Santiment

Furthermore, interest in Trust Wallets was accelerated after Бинанце Direktor Changpeng Zhao highlighted the importance of using self-custody wallets after the FTX saga. 

In the long term, it will be of interest to monitor TWT’s performance considering most exchanges are publishing proof of reserves. Notably, the proof of reserves publication is meant to inspire confidence among traders to keep their assets on exchanges.

odricanje: Садржај на овом сајту не треба сматрати саветом за инвестирање. Улагање је шпекулативно. Када инвестирате, ваш капитал је у опасности. 

Source: https://finbold.com/trust-wallet-token-rises-90-in-a-week-why-is-twt-rallying/