Based

Rally

Tellor

<p>Tellor (TRB) is a decentralized oracle network that provides data to DeFi platforms. The TRB token surged from $10 to $60 between late July and early September 2022, gaining over 500% in just 6 weeks. This article will analyze on-chain data to evaluate whether this price move was driven by fundamentals or manipulation.</p> 
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<h2 class="wp-block-heading" id="evidence-of-whale-activity">Evidence of Whale Activity</h2> 
<p>According to on-chain analyst Hitesh Malviya, there are no <a href="https://twitter.com/hmalviya9/status/1707286331913834878?t=wnCHfHZg2upcctzlU_RvPw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">signs</a> of increased fundamental demand for TRB. Malviya identified 4 whale wallets that appear to be manipulating the TRB price:</p> 
<ul> 
 <li>The whales all purchased TRB below $25</li> 
 <li>They have started selling TRB in the past 24 hours</li> 
 <li>They still hold over $5.6 million worth of TRB combined</li> 
 <li>Malviya suspects they intend to pump the price further before dumping their holdings</li> 
</ul> 
<p>Using on-chain analytics tools like Loch Chain, it’s clear much of the TRB volume is coming from a few large holders rather than broad adoption.</p> 
<h2 class="wp-block-heading" id="beware-of-a-pump-and-dump">Beware of a Pump and Dump</h2> 
<p>Given the lack of major project announcements or adoption news, it appears the 500% TRB price surge was driven by manipulation rather than real demand. The whale activity shows textbook signs of a pump and dump scheme.</p> 
<p>These schemes typically involve buying up large supplies of a token when prices are low. The whales then coordinate to dramatically inflate prices to turn quick profits.</p> 
<p>However, average investors buying into the hype often end up holding bags when the whales dump and the price crashes. Based on the on-chain data, TRB shows strong signals of this kind of manipulation.</p> 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
<p>Although past performance doesn’t guarantee future results, investors should be wary of the Tellor price pump. On-chain analytics paints this as a potentially coordinated whale scheme rather than natural growth. Until fundamental drivers materialize, it’s likely safest to observe TRB from the sidelines for now.</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/avoid-tellor-for-now-evidence-suggests-the-500-trb-rally-is-an-orchestrated-pump-analyst-warns/">Avoid Tellor for Now: Evidence Suggests the 500% TRB Rally is an Orchestrated Pump, Analyst Warns</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Avoid Tellor for Now: Evidence Suggests the 500% TRB Rally is an Orchestrated Pump, Analyst Warns

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