Altcoin Tellor (TRB), which has increased in popularity recently, leaves investors with great curiosity. However, trading by crypto investment companies and whales, which are large investors, creates uncertainty about the future of TRB.
Popular altcoin TRB is the target of whales!
The popular cryptocurrency Tellor (TRB) has become an altcoin that attracts attention with its rapid rises from the bottom levels. However, the uncertainty about whether this upward trend will continue has begun to worry altcoin investors. In particular, TRB sales by crypto investment companies and whales with very large liquidity pools can cause sudden declines in the market.
Examining Tellor’s weekly chart, it appears that there is still an uptrend. However, according to data provided by Spot On-Chain, whales are now turning to sell TRB. For example, it is stated that whales named 0xc75 and 0x8fe deposited large amounts of TRB to Binance. These sales may cause TRB to lose value.
Selling pressure may increase!
According to Spot On-Chain’s report, 0xc75 still has 63,415 TRBs and if he sells some of this amount, there may be a decline in the market. Likewise, another whale named 0x1d3 also deposited large amounts of TRB on Binance and could make a small profit if he sells.
If whales continue to sell TRB, it may cause the altcoin to lose value and the downtrend to grow further. This situation stands out as a development that worries investors. Tellor (TRB) investors should continue to follow market developments carefully.
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