TRB Price Up 360% In 1 Month Amidst Large Whale Transactions

  • Lookonchain reported that there has been several large TRB whale transactions since August of this year.
  • A single whale has gathered 540,777 TRB, equivalent to $21.24 million, which constitutes 22% of the total supply.
  • At press time, TRB was worth $40.02 after its price dropped by more than 13% in the past 24 hours.

There has been a number of huge Tellor (TRB) whale transactions since August of 2023, according to a post shared yesterday by the on-chain analytics platform Lookonchain. According to the post, the price of TRB has increased by 360% from $10 to $46 over the past month alone.

Since 30 August 2023, a single whale has gathered 540,777 TRB, equivalent to $21.24 million, which constitutes 22% of the total supply. Starting from 30 August, this particular whale initiated a series of withdrawals of TRB from exchanges, accumulating a total of 872,602 TRB, equivalent to $34.3 million, which represents 36% of the total supply.

Subsequently, the whale made deposits of 331,825 TRB, totaling $13 million, into the Binance on 4 September, 9 September, and 15 September 2023. Additionally, Lookonchain’s data revealed that on Thursday, four whales collectively withdrew 181,657 TRB, amounting to $7.14 million, from Binance, representing 7% of the total supply.

With regards to TRB’s performance heading into the new week, CoinMarketCap reported a decline in the performance of TRB as its price experienced a significant loss of over 13% during the last 24 hours of trading. Consequently, TRB was valued at $40.02, following a peak at $46.77 and a daily low of $35.11.

TRB’s price slip also caused it to weaken against the market leader. Bitcoin (BTC), by about 13.30%. The altcoin’s 24 hour trading volume stood at about $134,056,359 at press time, which signalled a 19.63% decrease from the previous day.

However, TRB’s weekly performance was still firmly set in the green at +75.83% despite its latest price loss. Its market cap of $67,237,503 ranked it as the 284th largest cryptocurrency in terms of market capitalization. This placed it right behind Powerledger (POWR) in the 283rd spot with its market cap of $70,094,578.

Disclaimer: The views and opinions, as well as all the information shared in this price Analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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