I have read and heard some connections between Binance and Trust wallet. Although the former is an exchange while the later is a non custodial wallet but there is this link of CZ between them.
This this not actually why I created this thread. The reason for this thread is to know if during the bull run, will the binance BNB prevent Trust wallet TWT from mooning?
When the FTX bankruptcy happened, TWT gained price, that was when I decided that I will invest in TWT.
- What will be the fate of TWT during the bull run?
- Is TWT good for DCA?
- Will BNB prevent the moon of TWT
CZ and Binance has stake with them, they invested in them and in return where given large portion of TWT, that's how there connection came about but Trust wallet is an independent company that doesn't depend on Binance bit of course, the relationship cannot be deny, that's the reason behind all this motivation and whales around them. If not for CZ influence, they are not worth upto coins like SUI and Aptos but when price crash some months ago, they seems to be strong in recovery when anytime bitcoin pump.
Just like you said, When FTX collapsed, tbe token fell badly but that wasn't all, all the subordinates projects like Solana SOL, Near protocol and Matic. You a similar damage on Binance if they should go Bankrupt, BNB is going to be the first coin that will be affected then follow by the subsidiary projects like TWT as example. However, not saying is not possible but Binance is not going bankrupted.
TWT is good projects, they have good use of the token as utility inside the wallet, they also have backers like Binance and other venture capitals that invested on them, the coin will do well if you consider it as a long term investment because from the listing price, the project has gone far.