Tellor Token Price Explodes 360% as Crypto Whales Execute Calculated TRB Plays – Can Small Investors Still Profit?
Tellor (TRB) has experienced a 360% surge in its price, catapulting from a humble $10 to $46 in just one month. This isn’t just a mere fluctuation; it’s a seismic shift in market dynamics. A single whale has accumulated a jaw-dropping $540,777 TRB, equivalent to $21.24 million, since August 30. This accounts for a significant 22% of the cryptocurrency’s total supply.
But the story doesn’t end there. This mysterious whale commenced a series of calculated moves, withdrawing $TRB from various exchanges. Since August 30, the whale has strategically withdrawn $872,602 TRB, amounting to $34.3 million. This represents a colossal 36% of the total supply of $TRB.
However, in a perplexing twist, the whale then redeposited a portion of their holdings—$331,825 TRB ($13 million)—back into Binance on three separate occasions: September 4, September 9, and September 15. This raises questions about the whale’s long-term strategy.
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Exodus of the Four: A New Chapter in $TRB’s Saga
Just when you thought the waters had calmed, another tempest roared. Four additional whales collectively withdrew $181,657TRB ($7.14 million) from Binance on September 14. This accounts for 7% of the total supply. Moreover, these four whales withdrew over $1 million worth of $TRB each two days ago, totaling $108,373 TRB or $4.26 million, representing 7% of the total supply.
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Show more +The recent activities surrounding $TRB are nothing short of a financial thriller. With whales making strategic plays and the price experiencing an unprecedented surge, $TRB is undoubtedly a hot topic in the crypto space. As market watchers and crypto enthusiasts look on with bated breath, one thing is clear: the $TRB saga is far from over, and its future chapters promise to be just as riveting.
What is Tellor Cryptocurrency?
Tellor (TRB) is a leading-decentralized oracle network that bridges the gap between Ethereum-based smart contracts and external data. Utilizing its native ERC-20 token, TRB or Tributes, the network offers a robust incentivization system. Parties can request off-chain data points like BTC/USD exchange rates, and miners vie to provide this information on-chain. These miners stake TRB tokens as collateral and earn rewards in the form of “tips” for delivering accurate data.
Not just miners, but users also need to hold TRB to access various services on the platform, including staking and voting. This creates a holistic ecosystem where miners and users are and is incentivized to participate actively. Being an ERC-20 token, TRB offers excellent interoperability and can be stored in any Ethereum-compatible wallet. The wallet choice may vary depending on your usage needs and the amount you wish to store.
However, it’s crucial to note that TRB is subject to significant price volatility, a characteristic inherent to the cryptocurrency market. Investments in TRB are high-risk endeavors influenced by a range of factors, such as market sentiment, asset flow on exchanges, and the broader economic landscape.
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