2024

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Tellor

CoinMarketCap reports Tellor as a top trending coin despite taking another double-digit hit in the past 24 hours.&nbsp; 
The decentralized oracle protocol, Tellor, continues to be recognized on the market for its ability to incorporate off-chain data into on-chain smart contracts. After losing more than half of its value on&nbsp;<a target="_blank" href="https://crypto.news/tellor-tops-social-trend-data-amid-50-drop/" rel="noreferrer noopener">Jan. 1</a>, CoinMarketCap data showed that the token had taken a further hit of 16.6%. 
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 What Are The Trending Cryptocurrencies On CoinMarketCap? | Source: <a href="https://coinmarketcap.com/trending-cryptocurrencies/" target="_blank" rel="noopener">CoinMarketCap</a>
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When writing, Tellor (<a href="https://crypto.news/price/tellor-tributes/" target="_blank" rel="noreferrer noopener">TRB</a>) was sitting at $181.82, accompanied by a 24-hour trading volume of $565,750,139. Although a price decline, it is worth noting the token is still sitting at 1,376% growth for the year. 
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 In the past 24 hours, <a href="https://twitter.com/search?q=%24TRB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$TRB</a> soared to $600 and then plummeted to $137, causing $68M of assets to be liquidated, making it the most liquidated token. We noticed that the <a href="https://twitter.com/hashtag/Tellor?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Tellor</a> team deposited 4,211 <a href="https://twitter.com/search?q=%24TRB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$TRB</a>($2.4M) after the price of <a href="https://twitter.com/search?q=%24TRB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$TRB</a> skyrocketed. Address:<a href="https://t.co/efHPXCiMiG" target="_blank">https://t.co/efHPXCiMiG</a> <a href="https://t.co/IBty2Wf2gI" target="_blank">pic.twitter.com/IBty2Wf2gI</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1741683830854164578?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 1, 2024</a>
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 You might also like: <a href="https://crypto.news/tellor-tops-social-trend-data-amid-50-drop/"> Tellor tops social trend data amid 50% drop </a> 
This price movement comes from the recent news that raised questions about Tellor’s trading activity. According to a Jan. 1 post on X, Etherscan data indicated an unusual transfer of 4,211 TRB, equivalent to approximately $2.4 million at the time, by the Tellor team to a Coinbase wallet at around 8:41 pm UTC, coinciding with a spike in the price. 
Simultaneously, the abrupt decline in Tellor’s price led to liquidations surpassing $68 million, as reported by CoinGlass and later cited by blockchain analytics services Lookonchain. 
Before this, the token had hit a new all-time high on&nbsp;<a href="https://twitter.com/spotonchain/status/1740590392163402137?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1740590392163402137%7Ctwgr%5Ed1fea7837bda23ad5633cd9865f4cde17e69854b%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Ftellor-altcoin-pumps-dumps-causes-speculation-over-cause" target="_blank" rel="noreferrer noopener">Dec. 28</a> of $225, with on-chain data analytics firms like Spot On Chain calling out how it was just a small group of whales controlling the total tokens. 
As a result, tweets from the community continue to call out this project for manipulation. 
 Read more: <a href="https://crypto.news/tellors-trb-liquidations-soar-to-70m-amid-market-manipulation-concerns/"> Tellor’s TRB liquidations soar to $70m amid market manipulation concerns </a>

Tellor continues trending despite another 16.6% hit

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