This Crypto Spiked 78% Last Week Even As Bitcoin, Ethereum, Dogecoin Took Hammering Over FTX Collapse By Benzinga

© Reuters. This Crypto Spiked 78% Last Week Even As Bitcoin, Ethereum, Dogecoin Took Hammering Over FTX Collapse

Benzinga – Just a day after Binance CEO Changpeng “CZ” Zhao called on cryptocurrency users to take “personal control” of their digital assets using Trust Wallet, the app’s native token, TWT (CRYPTO: TWT) hit a record high.

Apex cryptocurrency (CRYPTO: BTC) plunged 23.69%, failing to regain the $20,000 mark, while (CRYPTO: ETH) declined by 25.52% to $1,180 and (CRYPTO: DOGE) lost 30%, in the past seven days, as seen in the early hours of Monday.

TWT, however, soared 78% over the same period, racing to a record $2.11, according to CoinMarketCap.

Coming in second was PAX (CRYPTO: PAXG), a gold-backed cryptocurrency that spiked by 4.17%, trading at $1,733. PAXG became one of the most used smart contracts among the top 100 ETH whales on Nov.11.

GMX (CRYPTO: GMX), a decentralized crypto exchange’s native token, increased by 1.15%, making it number three on the list. Toncoin (CRYPTO: TON) was number four on the list up $0.58%, trading at $1.60 over the last week. And that sums up the top gainers of the week.

Read Next: Bitcoin, Ethereum, Dogecoin Head For New Lows As Crypto.com, BlockFi Add To FTX Scare — A Bear Market Worse Than 2018?

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga