Surprising Move from the Giant Whale: It Moved the Altcoin That Increased by 222%!

a rich altcoin Its owner pulled a nine-figure Ethereum (ETH)-based crypto asset from exchanges on the heels of parabolic rallies. First spotted by crypto journalist Colin Wu, a whale controlling 21% of the Tellor Tributes supply has withdrawn approximately $116 million worth of TRB tokens from exchanges.

One whale (3 associated addresses) has withdrawn a total of 872,600 TRB (currently worth $116 million) from exchanges since August 30, accounting for 34.5% of the circulating (supply). On September 4, 9, and 15, three TRB transfers of 100,000 were made and transferred to Binance. The whale still holds 540,000 TRB, accounting for 21.4% of the circulation.

TRBis the native token of Tellor, a decentralized oracle network that connects Ethereum smart contracts to external data.

At the time of writing, TRB is trading at $31.75 and is up 222% in the last 30 days.

Wu speculates that the whale may be trying to control most of the liquid TRB tokens to obtain high funding rates and generate income from open futures contracts.

Since August 30, TRB prices have increased from $14.45 to $46.3. In the last 24 hours, TRB spot transaction volume was only 184 million dollars and contract volume was 6.748 billion dollars. Whale can control TRB’s spot circulation to generate contract revenue and high funding rates.

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