CZ’s X Post Ignites 30% Trust Wallet Token Rally to $1.26

One tweet. Thirty percent surge. The CZ effect remains undiminished.

Market Moves

Trust Wallet Token rockets to $1.26 following cryptic Binance founder post—no fundamentals needed when CZ drops hints. Retail piles in, algorithms chase momentum, and suddenly everyone's a 'long-term believer' in utility they couldn't explain yesterday.

Social Alpha

Crypto's kingmaker still moves markets with keyboard strokes—proving yet again that in digital assets, narrative often trumps code. Meanwhile, traditional finance analysts scramble to update models that never factored 'influencer impact' as a core valuation metric.

TWT defies sideways market action, because why read whitepapers when you can just read tweets?

CZ wrote on X, “TWT token started as an experiment. The FDV got too high quickly. They burned 99% of the supply, but didn’t have too many use cases for it. Now that’s expanding.” His post fueled attention, but the breakout was already primed technically.

Profit-Taking Wave Signals Caution

After the spike, profit-taking hit hard. Exchange net flows flipped from 177,980 TWT on September 17 to +2.84 million just two days later, a massive 1,600% jump. This shows holders rushed to send tokens onto exchanges to lock in gains.

Whales too participated in the sell-off. Wallets holding 10 million–100 million TWT trimmed their holdings by over $8 million in September, adding to selling pressure.

Can TWT Hold $1.00?

Despite the short-term excitement there, the long-term indicators are wary. Since late 2024, TWT has shown hidden bearish divergence, suggesting momentum isn’t strong enough to break its broader downtrend. 

Key support sits at $1.00, then $0.84 and $0.71. On the upside, only a daily close above $1.42 and ideally $1.63 could shift sentiment bullish again. For now, the rally looks like a breakout target achieved and followed by heavy profit-taking, not yet a sustainable trend.

Also Read: BNB Jumps as Changpeng Zhao Hints at Binance Comeback