The world’s largest cryptocurrency exchange BinanceWhile bringing the Web3 and blockchain world together in Istanbul Richard Teng, Head of Regional Markets at Binance He introduced Binance Web3 Wallet in his keynote speech.
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After this statement from Binance, a popular Web3 wallet Trust Wallet’s token is TWT, began to lose value rapidly.
At this point, after Binance, the exchange that acquired TrustWallet in 2018, launched its own Web3 wallet. TWTfell by up to 18%.
TWT, which has fallen from $ 1.71, continues to be traded at $ 1.41 at the time of writing.
TWT had risen by 60% since the beginning of November to $1.83. Binance announced on Friday that it had listed TWT on futures.
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As you may remember, Trust Wallet received some cash, some Binance shares and some cash in 2018. BNB It was acquired by Binance in a deal involving the token.
*This is not investment advice.
Source: Bitcoinsistemi.com