Ethereum

Tellor

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 <p>A wealthy altcoin holder just withdrew nine figures worth of an Ethereum (ETH)-based crypto asset from exchanges right after parabolic rallies.</p> 
 <p>First spotted by crypto reporter Colin Wu, a whale that controls 21% of the supply of Tellor Tributes withdrew roughly $116 million worth of TRB tokens from exchanges.</p> 
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 <p><em>“A whale (3 associated addresses) has withdrawn a total of 872,600 TRB (currently worth $116 million) from exchanges since August 30, accounting for 34.5% of the circulating [supply]. On September 4th, 9th, and 15th, three TRB transfers of 100,000 were conducted and transferred to Binance. The whale still holds 540,000 TRB, accounting for 21.4% of circulation.”</em></p> 
 <p>TRB is the native token for Tellor, a decentralized oracle network that connects Ethereum smart contracts to external data.</p> 
 <p>At time of writing, TRB is trading at $31.75 and is currently up 222% in the last 30 days.</p> 
 <p>Wu speculates that the whale may be attempting to control most of the liquid TRB tokens in order to generate high funding rates and receive income from open futures contracts.</p> 
 <p><em>“Since August 30, TRB prices have risen as high as $14.45 to $46.3, and in the past 24 hours, TRB spot trading volume has been only $184 million, with a contract volume of $6.748 billion. Whale may control the spot circulation of TRB to obtain contract income and high funding rates.”</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/crypto-whale-withdraws-116-000-000-worth-of-one-altcoin-that-s-up-222-in-past-month-from-exchanges-report-tbt63082.html">https://thebittimes.com/crypto-whale-withdraws-116-000-000-worth-of-one-altcoin-that-s-up-222-in-past-month-from-exchanges-report-tbt63082.html</a></p>

Crypto Whale Withdraws $116,000,000 Worth of One Altcoin That’s Up 222% in Past Month From Exchanges: Report

TheBitTimes

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