2024

Bitcoin

Million

Tellor

<p>The year 2023 came to a close with some unexpected events for the crypto community. Just yesterday, the native token of the Tellor Tributes protocol came under the spotlight by experiencing a fleeting bull run before collapsing. This situation was nonetheless pleasing to the whales. Let’s take a tour!</p>
<h2 id="h-trb-flirts-with-600-before-plummeting">TRB Flirts with $600 Before Plummeting</h2>
<p>This phenomenon reminds us of a <strong>new Bitcoin ATH that occurred last June on Binance.US</strong>. Back then, the queen of cryptocurrencies briefly reached a valuation of <strong>$138,070</strong> against the BTC/Tether pair in just a few seconds.</p>
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<p>The reason? A trader reportedly offered a premium of 450% for BTC, which triggered this sudden price spike.</p>
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     <p lang="en" dir="ltr">Today, the price of TRB once soared from $200 to over $600, and then fell sharply to $155. During this period, the TRB contract liquidation exceeded $60 million, becoming the coin with the largest liquidation amount in the past 12h and 24h. <a href="https://t.co/YQ6p9AZeYG" rel="noopener noreferrer nofollow">https://t.co/YQ6p9AZeYG</a> <a href="https://t.co/964Hv8pQgM" rel="noopener noreferrer nofollow">pic.twitter.com/964Hv8pQgM</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1741655768578089282?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 1, 2024</a>
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<p>«&nbsp;<em>Today, <strong>the price of TRB surged from $200 to over $600</strong>, before plummeting dramatically to $155. During this period, TRB contract liquidations exceeded $60 million, making it the coin with the largest liquidation amount over the past 12 and 24 days.&nbsp;</em>»</p>
<p>As reported by <a href="https://coingape.com/massive-pump-and-dumps-happen-in-tellor-trb-price-over-60-million-liquidated/?utm_source=sidebartabnews" target="_blank" rel="noopener noreferrer nofollow">Coingape</a>, whales are said to have caused a <strong>massive dump of TRB</strong>, which resulted in a surge of this cryptocurrency on the eve of New Year’s. Its price, which was around $200, approached the $600 mark following this strange manipulation by institutional investors.</p>
<p>But unfortunately, the rally was short-lived: the price of TRB fell. <strong>It dropped below $200</strong>, more precisely to $130.</p>
<p>However, it should be noted that at the time of writing this article, the native crypto of Tellor Tributes was trading at $194.89 per piece on CoinGecko.</p> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:TRBUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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<p>Another salient point in this story is that <strong>this yo-yo was conducive to a massive liquidation of TRB contracts</strong>. Because at the same time, an equivalent of <strong>$60 million</strong> was liquidated. This makes TRB the cryptocurrency with the highest liquidation in the last 12 and 24 hours.</p>

Year-End Surprise: $60 Million Liquidated by Tellor Tributes (TRB) Crypto

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