Trust Wallet Token (TWT) jumps following Binance Futures listing

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Trust Wallet Token (TWT) jumps following Binance Futures listing

By Charles Thuo - min read
  • TWT price soaring after Binance Futures listing.
  • Binance listing fuels TWT’s impressive price surge.
  • TWT draws comparisons to Binance Coin (BNB), piquing investor interest.

In recent market development, Trust Wallet Token (TWT) has seen a remarkable pump in its price, catapulting by an impressive 18% price rise in a week.

This hike, reminiscent of its peak price back in April, is attributed to TWT’s listing on Binance Futures.

Binance Futures listing sparks enthusiasm

TWT, the native token associated with Trust Wallet, which is closely linked to Binance, has garnered attention with its recent addition to the Binance Futures market. The move marks Trust Wallet’s endeavour to expand its presence and offer its users a broader range of trading options.

Listing on Binance Futures, a prominent player in the cryptocurrency exchange space, has traditionally been associated with heightened price action. The immediate 22% surge in TWT’s value underscores the impact such listings can have on the digital asset’s price, fueling market enthusiasm.

TWT price movements

TWT, at the time of writing, stands at $1.24 USD, with a market capitalization of over $515 million. The token is ranked 71st in terms of market capitalization. TWT’s 24-hour trading volume reached an impressive $188.9 million, further underscoring the strong interest in the token following its Binance Futures debut.

With a circulating supply of 416,649,900 TWT tokens, accounting for approximately 41.66% of the total supply, TWT has a maximum supply capped at 1 billion tokens. Its fully diluted market capitalization is estimated at $1.24 billion USD.

Investors and enthusiasts are closely watching TWT as it garners comparisons with Binance Coin (BNB). The potential for TWT’s success is a topic of discussion, especially given its association with Binance and its similarities with wallet tokens like the expected MetaMask coin.

TWT’s price performance, along with the dynamics of its association with the Trust Wallet ecosystem and the broader cryptocurrency market, will likely continue to draw attention and speculation in the coming days.