• Coinbase Token (COIN) crashes over 74%, wiping out intraday gains and signaling severe sell-off pressure.

  • Wallet Connect Token (WCT) gains 6.10% with a high 126.44% volume-to-market cap ratio, reflecting strong liquidity.

  • Trust Wallet Token (TWT) and Ambire Wallet (WALLET) show moderate stability amid diverging volume trends.

The cryptocurrency market continues to experience fluctuations across wallet-related tokens, with varying performances highlighting shifting investor sentiment. Trust Wallet Token (TWT) maintained stability, Coinbase Token (COIN) recorded a steep drop, WalletConnect Token (WCT) gained upward momentum, and Ambire Wallet (WALLET) showed brief volatility. Each token exhibited different volume dynamics and price trends within the last 24 hours, reflecting unique market behaviors.

TWT Records Minor Gains Amid Volume Decline

Trust Wallet Token (TWT) closed at $0.7904 after a 0.40% increase in the last 24 hours. The market capitalization rose slightly to $329.32 million, driven by moderate price movement. TWT showed intraday volatility, briefly surpassing the $0.80 mark before settling at lower levels. Despite the price stability, trading activity declined notably.

Source : CoinMarketcap

The 24-hour trading volume dropped by 43.48%, standing at $5.29 million. The token’s volume-to-market cap ratio is 1.6%, indicating restrained market participation during the period. The fully diluted valuation (FDV) of TWT is reported at $790.15 million, with a circulating supply of 416.64 million out of a total supply of 999.66 million tokens. The number of holders has reached 255,360, with a steady distribution profile.

Coinbase Token (COIN) Plunges Over 74% Despite Market Cap Stability

Coinbase Token (COIN) experienced a sharp decline in value, falling 74.83% within the past day. The token dropped to $20.43 from above $200, with a steep correction taking place after 8 PM on June 7. This decline effectively wiped out most of the token’s recent gains.

Source : CoinMarketcap

Despite the significant drop in price, COIN’s market capitalization remained steady at $5.87 billion, suggesting resilience in its overall valuation structure. The trading volume increased slightly by 4.59% to $1.18 million, pointing to reactive activity from holders and speculators. All 270 million COIN tokens are in circulation, with the FDV matching the current market cap closely at $5.51 billion. The token’s volume-to-market cap ratio is notably low at 0.02027%, implying minimal liquidity relative to its valuation.

WCT Maintains Uptrend Despite Lower Volume

WalletConnect Token (WCT) showed strong price momentum, closing the day at $0.4419 after gaining 6.10%. The market capitalization rose to $82.29 million, supported by increased investor interest and steady upward price action throughout the day. The chart shows WCT peaking near $0.453 before experiencing minor pullbacks.

Source : CoinMarketcap

However, trading volume declined by 25.98% to $103.7 million. Despite the drop, the token’s volume-to-market cap ratio stood at 126.44%, indicating continued strong liquidity. With a circulating supply of 186.22 million and a total supply of 1 billion tokens, the FDV of WCT is currently $442.03 million. The high profile score of 87% and stable price movement suggest sustained market confidence in the token’s activity.

WALLET Sees Sudden Midday Spike Before Stabilizing

Ambire Wallet (WALLET) recorded a mild price increase of 1.08%, closing at $0.01405. The token experienced a sharp price spike around midday, briefly reaching above $0.0142 before stabilizing near previous levels. This movement suggests a short-term catalyst may have influenced price behavior temporarily.

Source : CoinMarketcap

The market capitalization is $10 million, with daily trading volume up by 5.03% to $628.87K. WALLET maintains a circulating supply of 712.02 million out of a maximum 1 billion tokens. The FDV currently stands at $14.05 million. The volume-to-market cap ratio is 6.28%, showing moderate interest and liquidity in the token. A profile score of 71% indicates a reasonably active project with modest investor engagement.