Trust Wallet Token (TWT) experienced a dramatic price surge of over 40% following public comments from Binance co-founder Changpeng 'CZ' Zhao regarding the token's expanding utility. The price jumped from approximately $0.89 to over $1.20 within minutes of CZ's Friday statement on X, briefly touching $1.30 on Binance before settling above $1.10.
CZ reflected on TWT's journey, stating: "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." This endorsement came alongside Trust Wallet's newly unveiled litepaper and roadmap that positions TWT as the central utility token for onboarding the next billion web3 users.
Trust Wallet currently serves over 210 million users globally, representing 35% market share across downloads and active users. The platform supports more than 100 blockchains and secures over $30 billion in user assets. The company reported 4x year-over-year revenue growth from 2023 to 2024 and processes over $1 billion in average monthly swap volume.
The new roadmap introduces a tiered loyalty rewards system with three levels: Seeker, Explorer, and Moonwalker. TWT holders will gain access to premium features including lower swap and buy fees, gas discounts, sponsored gas transactions, advanced trading tools, and exclusive access to Trust Alpha - described as "Launchpool 2.0" for discovering early-stage crypto projects.
The phased rollout begins in Q4 2025 with broader integrations planned through 2026. Despite the recent surge, TWT remains down over 50% from its all-time high of $2.7 established in late 2022. The token has a fixed supply with 99% previously burned, and more than 40% of the supply has been distributed to the community through airdrops.