Cardano

Show

Sleep

Spot

Tellor

<p>A massive price spike and subsequent crash in the Tellor (TRB) token have drawn scrutiny from analysts and traders alike this past week.</p> 
<p>On December 31st, the TRB coin surged nearly 150% to hit an all-time high of $602 before plunging back down to $1396 within 13 hours. This represented a 78% retracement, prompting accusations of potential manipulation.</p> 
<p>Adding to the uncertainties, Lookonchain <a href="https://twitter.com/lookonchain/status/1741683830854164578" target="_blank" rel="noreferrer noopener nofollow">revealed</a> that the Tellor team executed a transfer of 4,211 TRB, valued at approximately $2.4 million, to Coinbase just as prices reached their peak. The synchronization of on-chain activity with price fluctuations prompts inquiries into the matter.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="505" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-9-1024x505.png" alt="" class="wp-image-411666" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-9-1024x505.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-9-300x148.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-9-766x378.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-9-1536x758.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-9-2048x1010.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-9-304x150.png 304w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-9-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-9-709x350.png 709w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-9-788x388.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>As TRB crashed from its highs, over <strong>$68 million worth of futures positions were liquidated, according to CoinGlass.</strong> Analytics provider Lookonchain cited this figure in calling attention to the incident on January 1st.</p> 
<p>Blockchain analytics firm Spot On Chain <a href="https://twitter.com/spotonchain/status/1740590392163402137" target="_blank" rel="noreferrer noopener nofollow">provided </a>an alternative perspective, noting that <strong>95% of the total supply sits in just 20 “whale” wallets.</strong> This extreme concentration means little actual volume could trigger exaggerated price action.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Don’t Sleep on this Explosive Crypto Airdrop!&nbsp;
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>Install the <a class="thirstylink" rel="nofollow" target="_blank" title="Getgrass" href="https://captainaltcoin.com/go/getgrass/" data-shortcode="true"><strong>GetGrass extension</strong></a> ASAP – the more points you score, the bigger your free crypto payoff! This red-hot airdrop could set you up for the future, but only if you <strong><a href="https://captainaltcoin.com/go/getgrass/" target="_blank">take action</a></strong> right now!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p>Per Spot on Chain, these major holders began accumulating at ~$15 per TRB. They are now seemingly coordinating deposits with exchanges to sell into artificial rallies and realize profits.</p> 
<p>To provide context, Tellor functions as a decentralized oracle network, akin to Chainlink, facilitating the provision of external data to various DeFi platforms. The native TRB token within the Tellor ecosystem serves dual roles as a governance tool and a unit for transaction fees.</p> 
<p>The sequence of events, analytics, and market composition analysis paints a picture of potential manipulation and coordinated whale behavior around TRB’s price spikes. Most signs point to inorganic trading activity as the catalyst behind its wild volatility profile.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/ethereum-price-has-clear-path-ahead-as-eth-eyes-2700-according-to-crypto-analyst-heres-his-outlook/" target="_blank" rel="noreferrer noopener">Ethereum Price Has “Clear Path Ahead” as ETH Eyes $2,700 According to Crypto Analyst – Here’s His Outlook</a></li> 
 <li><a href="https://captainaltcoin.com/heres-the-recap-of-2023-in-the-crypto-and-bitcoin-industry/" target="_blank" rel="noreferrer noopener">Here’s the Recap of 2023 in the Crypto and Bitcoin Industry</a></li> 
 <li><a href="https://captainaltcoin.com/ripple-xrp-vs-cardano-ada-the-battle-for-1-how-meme-moguls-mgls-is-revolutionizing-meme-coins/" target="_blank" rel="noreferrer noopener">Ripple (XRP) vs. Cardano (ADA): The Battle for $1, How Meme Moguls (MGLS) is Revolutionizing Meme Coins</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/tellor-tlr-faces-scrutiny-of-market-manipulation-amid-price-surge-to-all-time-high-and-sudden-crash/">Tellor (TRB) Faces Scrutiny of Market Manipulation Amid Price Surge To All-Time High and Sudden Crash</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Tellor (TRB) Faces Scrutiny of Market Manipulation Amid Price Surge To All-Time High and Sudden Crash

Tabla de contenidos

CaptainAltcoin

Otros artículos publicados el 2 ene 2024

Matrixport expects BTC to surge to $50k in January

The Price Of NEAR Protocol Rose More Than 3% In 24 Hours

SOLANA Soars: Bulls Set Sights on Dizzying New Highs

Ripple Price Prediction: XRP Price Poised For 500% Rally if This Happens

These Altcoins Are Making Double-Digit Gains and Could Outperform in 2024

Raiser.co Pioneers Equitable Crypto Investments with Playbux Fair Community Offering (FCO)

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!