tl;dr
Trust Wallet Token (TWT) rose over 50% after Binance founder CZ praised its renewed vision, with the price hitting $1.33. Binance acquired Trust Wallet in 2018, and TWT’s evolution includes a 99% supply burn and expanded use cases. A new litepaper outlines tiered rewards for holders, including fee d...
Trust Wallet Token (TWT) surged over 50% on Friday after Binance founder Changpeng Zhao (CZ) praised its renewed vision, sparking a frenzy among crypto investors. The rally followed CZ’s social media post reflecting on TWT’s journey, where he noted how the token started as an experiment but now faces a “new chapter” with expanded use cases. The price hit a high of $1.33, a 25% jump in the immediate aftermath, and climbed nearly 50% in 24 hours.
Binance acquired Trust Wallet in 2018, positioning it as the exchange’s official wallet. Over the years, TWT—once criticized for limited utility—has evolved. CZ highlighted that the token’s initial “FDV got too high quickly,” leading to a 99% supply burn, but lacked real-world applications. Now, Trust Wallet’s newly released litepaper outlines a roadmap to change that.
The document positions TWT as the backbone of Trust Wallet’s ecosystem, introducing a tiered rewards system. Holders gain benefits like reduced swap fees, gas discounts, premium support, and voting rights on platform decisions. The “Trust Alpha” feature, dubbed “Launchpool 2.0,” aims to spotlight early-stage crypto projects, giving TWT holders exclusive access.
The phased rollout, set for Q4 2025 and 2026, divides utilities into tiers: Seeker, Explorer, and Moonwalker. Higher tiers unlock richer rewards, incentivizing long-term holding and engagement. Future integrations could see TWT used as DeFi collateral, a gas payment option, or a gateway to community initiatives.
Market analysts note TWT’s strategic shift. As a BEP-20 token on BNB Chain, its fixed supply and 99% burn rate create scarcity. Over 40% of the token supply has been distributed via airdrops, with the rest reserved for growth and partnerships. The litepaper directly addresses past criticisms, aligning TWT with Trust Wallet’s 210 million active users. Even modest adoption of new features could drive demand, given the wallet’s scale.
As Trust Wallet expands into advanced trading and DeFi, TWT’s role in solidifying its position against rivals like MetaMask grows critical. Meanwhile, whispers of CZ’s potential return to Binance have sparked speculation, with some observers wondering if his endorsement signals a larger move. “This is big news for Trust Wallet,” said Eddie Johnson of Grow My Bag, “but I can’t ignore the rumors about CZ coming back to Binance.”
The surge underscores how Binance’s influence can reshape crypto narratives, while Trust Wallet’s pivot highlights the power of utility-driven tokenomics in an increasingly competitive market.