TWT went up. TWT fell.
But I'm not interested in those movements right now. I haven't been selling or buying for the last few days. My entry point in TWT = 0.97$ and I gained my position a long time ago, I bought in spring and summer of 2022. That is, it is not a quick story for me and I have been waiting for this idea to work out for a long time. And I am ready to wait calmly until the bull market comes. Or the moment when Binance decides to squeeze the maximum out of this story.
TWT's fall came on the news about the release of a new WEB3 wallet from Binance. But there is a small nuance:
The address of the new Binance Web3 Wallet will be linked to the Binance user account - the exchange will monitor transactions for potential fraud, suspicious activity and sanctions evasion. Therefore, in some cases, transactions and accounts may be frozen for investigation.
Pretty cool, huh? I can't imagine who in their right mind would need such a wonderful wallet, the funds on which can be frozen at any time at the behest of the left heel of third parties. Therefore, I don't think that Binance's new wallet will be a direct competitor for TrustWallet, rather it is an attempt to secure a place for itself on the market of web3 products.
