The price was badly affected when millions of dollars worth of transfers came from the 3 big whales of Tellor Tributes (TRB), which has risen 14 times since August.
It is frequently on the agenda with its upward movement that has been continuing for months and many short TRB, which caused the liquidation of the directional futures player, soon 40% fell.
Reported by on-chain analysis platform Lookonchain to data 3 largest TRB whales by 9 November day $17.3 million worth 157.2 million TRBcryptocurrency exchange to Binance sent. total supply to 6.15% After such a large transfer, panic selling occurred in the market.
Two of the three whale wallets that sold TRB had no TRB left after the transfer. But “0xC75…8ed1The whale named ” is still in his wallet. $5.6 million worth TRB.
Most of the circulating supply is in these 5 addresses
Looking at Etherscan data, “0xCc…8b8A wallet named ” is responsible for the circulating supply of TRB. to 17.2% corresponding 441 million TRBIt hosts . This wallet is thought to belong to the Tellor team.
cryptocurrency exchange Binance 14 in your hot wallet no. 12% corresponding to a supply 308 million TRB is being kept. Moreover Binance’s 8 Another hot wallet numbered 100 million TRB, which corresponds to 3.9% of the circulating supply.
“0x65…04c2An anonymous wallet named ” is the source of the circulating supply. to 4.3% corresponding 111 million TRBIt contains .
When we look at the general picture, the assets in circulation belonging to the project 21.1% on Binanceremaining 25% The total supply in circulation is in 5 different wallets is being kept. Projects like these where a significant portion of the circulating supply is controlled by a limited number of wallets to price manipulations It becomes much clearer.
According to CoinGecko data, after the sales news, approximately 40% falling TRB $142.8 from level for $86.67 declined. TRB at the time of writing from $97.8 is being traded.