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How Tellor made a splash in the bear market

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Tellor's remarkable price surge sparks questions about whale involvement and its impact on market dynamics and sentiment.

TRB experienced an extraordinary 360% price surge, with suspicion falling on significant whale accumulation.In a month marked by bearish trends across the crypto market,

defied the odds, showcasing an impressive 360% surge in price. This unprecedented price rally raised questions, with suspicions turning toward whale activity.According to data from lookonchain, a whale made a significant move by accumulating 540,777 TRB tokens. This amounted to approximately $21.24 million.

The accumulation started on 30 August. This accumulation represented a substantial 22% of the total TRB supply. Such pronounced whale involvement triggered discussions regarding its potential impact on TRB’s price dynamics and market sentiment.However, the whale’s actions were not limited to withdrawals; they also deposited 331,825 TRB into Binance on 4 September, 9 September, and 15 September.

 

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