Trust Wallet Token surges 12% despite active users falling
Trust Wallet Token (TWT) 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, 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. TWT whale activity, social volume, trading volume and active addresses – Oct. 5 | Source: Santiment Trust Wallet Token’s recent rally pushed the average daily trading volume of the last day by 1,250% to almost $190 million. You might also like: U.S. DOJ indicts eight Chinese firms for using crypto in fentanyl trade 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. Moreo...