A surprising event took place over the weekend in Tellor Tributes (TRB), one of the most popular cryptocurrencies of the last 6 months.
TRB, which made many investors happy with its rise in the past period, experienced a strange price movement between 31 December and 1 January. TRB price, TSI 31 December 16.30 began a sharp rise in its waters and 170% from $232 with ascension $630 on Binance reached.
Then, TRB, which suffered a huge sale minutes before the annual closing, collapsed in just a few hours. From $630 to $150 with a 77% decrease declined.
At that time, while investors did not yet understand what was happening, $60 million short and long TRB position was liquidated. Differences occurred in Binance’s spot and futures transactions during the price movement. In addition, changes were also observed among other exchanges.
Emerging from the on-chain analytics platform Lookonchain to the details according to Tellor team, After the price rose rapidly $2.4 million worth 4,211 TRB invested in the stock market. Then, probably the selling team was a big factor in the price drop.
According to CoinGecko data TRB, while writing from $180 is being traded.