Last week, Tellor (TRB) fell more than 30% due to a sharp rise in selling by wealthy investors known as “whales.” The focus moves to identifying the $TRB dump culprits and understanding their financial gains.
Whale Transactions Impact $TRB Prices
One notable transaction included wallet address 0x1d, which withdrew 72,240 $TRB ($6.14 million) from Binance at $94 per unit. Funds were deposited at $107 per unit, earning $955,000 in profit. Address 0x8f withdrew 65,724 $TRB ($5.6M) from Binance at $35 per unit. Depositing the cash at $104 per unit yielded a $4.5M profit.
However, not all contacts were successful. The Binance user connected with address 0xC7 withdrew 94,136 $TRB tokens, worth $8 million. The withdrawal occurred at $138 per token. After placing the tokens back into the network, the individual lost $4 million because the price dropped to $95. Despite these fluctuations, 20 wallets have kept their $TRB holdings without selling.
These twenty addresses have 1.08 million $TRB, worth $92.87 million, or 42.5% of the supply. Based on market conditions, the profit is roughly $47 million, with gains spanning 14 addresses.
TRB Records 1,025% Gain in 100 Days, Reaches $140
In the current price volatility, Tellor (TRB), a medium-market-cap cryptocurrency project, is one of the few digital assets that could surpass its high levels during the alternative cryptocurrency spike. Santiment, a popular market information service, reported a 1,025% gain in TRB value during the past 100 days. Due to its rise, TRB presently ranks 165th in the cryptocurrency market with market cap of $210,998,493 USD. Currently, the TRB coin price is slightly shy of $83. TRB’s rise from 573rd position in August to 165th is noteworthy. These stats have been taken from CoinMarketCap.
TRB’s performance shows its ability to provide long-term gains despite cryptocurrency market changes. Investors and analysts are closely monitoring TRB’s strategy to react to the cryptocurrency industry’s rapid changes.
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