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⇘ Tellor (TRB) Coin's Price Swings Amid Major Developments and Rising Whale Activity

Tellor (TRB) Coin's Price Swings Amid Major Developments and Rising Whale Activity
TRB coin, also known as Tellor, has been the subject of significant attention in recent times, with various events contributing to extreme price fluctuations. There have been speculations regarding the crypto's price potential in 2024, 2025 and 2030, with some suggesting it to be a good investment, while others expressing doubt. Concerns were raised as Tellor witnessed a substantial drop in value, from $720 to $180 within a few hours, raising questions about market manipulation. The crypto coin also experienced an impressive 112% gain in 30 days, as a result of significant whale activity. However, the following crash resulted in $68M worth of TRB liquidations, indicating extreme volatility. Contrarily, a 3200% rally, and a new all-time-high amid whale action, suggested a successful 2023 for TRB, leaving the market to ponder if it can break out again soon. TRB saw further surges after announcing a partnership with the Manta Network and the introduction of the Tellor Layer built on Cosmos SDK, leading to an overall yearly high. Despite the bullish ride, particular red flags were raised surrounding a Twitter phishing scam, liquidation surprises, and fears about price manipulation. TRB's volatility was escalated after its team made deposits into Coinbase, leading to a nearly 78% drop. The crypto also made headlines as it outperformed Bitcoin, XRP, to reach its 2021 highs in 2023, continuing the rally to potentially smash the $300 mark. Lastly, the availability of TRB on INDODAX and Coinbase Pro drove its demand higher. Despite concerns raised by multiple traders, whale accumulation remained high for the Ethereum based altcoin, resulting in an 832% two-month rally.

TRB Coin News Analytics from Wed, 24 Mar 2021 07:00:00 GMT to Tue, 27 Aug 2024 07:00:00 GMT - Rating -5 - Innovation -7 - Information 6 - Rumor -2

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TRB Coin - News Analyzed: 246