Tellor (TRB), a Layer 1 oracle system, has been embroiled in controversy due to accusations of market manipulation following a series of volatile price movements. Although there is speculation of a targeted scheme of violent pump and dump, the token experienced an impressive rally of 3200% with its market cap soaring over 70%. These wild fluctuations led to over $68M being liquidated, which raised concerns amidst the investment community.
Despite the
manipulation allegations, TRB continues to witness a trend of massive gains, followed by sharp declines. For instance, it increased 150% and then crashed. On another day it soared to $600 then slid back to $137. Analysts point towards massive
crypto whale activity as a primary factor in these price swings.
Even with the risks, Tellor remains a popular choice among major crypto whales. As a BRC-20 integrated system, it presented itself as one of the best new cryptos to buy, consistently maintaining momentum against its competitors. Meanwhile, Tellor continues to draw interest, with Coinbase launching perpetual futures for, among others, TRB.
The degree of price volatility for Tellor is less common for established cryptos, potentially indicating outside manipulation. However, if it's able to mitigate these wild price swings, it may provide substantial returns. Its growth potential remains a talking point among the investor community.
Tellor Coin News Analytics from Wed, 24 Mar 2021 07:00:00 GMT to Tue, 27 Aug 2024 20:37:30 GMT -
Rating -3
- Innovation 4
- Information 8
- Rumor -5
