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<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> 
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<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>  
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<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> 
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<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

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