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The Fall of FTX Is the Profit of Trust Wallet Token — Why did TWT price skyrocket 150% in six days? According to Cointelegraph



The Fall of FTX Is the Profit of Trust Wallet Token — Why did TWT price skyrocket 150% in six days?

Trust Wallet Token (TWT) has gained nearly 150% in the past six days, weathering the crypto market downturn, its net capitalization has collapse nearly 100 billion USD in the same time period.

The price of TWT hit an intraday high of $2.43 on November 15, a day after setting a record high near $2.75. At its 2022 low, the token changed hands for $0.4, making it one of the year’s best performing assets, with a gain of over 225% year-to-date.

weekly price chart. Source: TradingView
balance on FTX. Source: Glassnode
Distributing the Trust Wallet Token supply between wallets holding 1K-10M TWT. Source: Santiment
Trust Wallet Token daily trading volume (in TWT). Source: Santiment
Weekly price chart of TWT/USD. Source: TradingView