Trust Wallet Token (TWT) has suffered a severe 21.8% decline in the past 24 hours, dropping to $0.343083 as of March 31, 2026, according to live market data.
The dramatic selloff has erased $39.9 million from TWT’s market capitalization, which now stands at $142.9 million. The token, which ranks #208 by market cap, saw trading volume surge to $25.9 million as investors rushed to exit positions.
Intraday Price Action Shows Continued Weakness
The past hour alone has seen TWT decline an additional 19.5%, indicating accelerating downward momentum. The token reached an intraday high of $0.444841 before plummeting to a low of $0.34184, representing a 23% intraday range.
The selloff extends a troubling trend for Trust Wallet Token, which has now declined 31.2% over the past seven days and 32.4% over the past 30 days. These losses compound the token’s long-term underperformance, with TWT trading 87.4% below its all-time high of $2.72 reached on December 11, 2022.
Market Cap and Supply Metrics
With 416.6 million TWT tokens in circulation out of a total supply of 1 billion, the fully diluted valuation now stands at $343 million. The significant gap between circulating and total supply suggests potential future selling pressure as additional tokens enter circulation.
The 21.8% market cap decline mirrors the price drop, with the market cap change percentage registering at -21.84% over the past 24 hours.
What This Means for Traders
The sharp decline in Trust Wallet Token raises immediate concerns about technical support levels and potential further downside. The token’s negative performance across all major timeframes—1 hour, 24 hours, 7 days, and 30 days—suggests sustained selling pressure rather than a temporary correction.
Traders should note the elevated trading volume of $25.9 million, which represents significant liquidity but also indicates active distribution. The token’s proximity to its 24-hour low suggests limited buyer support at current levels.
Trust Wallet, the non-custodial cryptocurrency wallet owned by Binance, has not issued any official statement regarding the token’s price decline. The broader cryptocurrency market context and any specific catalysts for TWT’s underperformance remain unclear at this time.
Last updated: March 31, 2026, 07:22 UTC
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About the Author: Ananya Melhotra
