Whales Are Aggressively Accumulating This Altcoin Project: Its Price Exploded!

In the ever-evolving world of cryptocurrency, Tellor’s TRB token has been making waves recently, attracting the attention of investors and enthusiasts alike. This surge of interest comes as large altcoin holders, known as whales, initiate significant transactions involving TRB tokens. Lookonchain, a leading crypto analysis platform, has been monitoring this activity closely and has made some remarkable discoveries. Here are the details…

Altcoin TRB is in the focus of whales

Newly established wallets have emerged in the cryptocurrency world and are making significant moves with TRB. According to data from Lookonchain, 22 of these new wallets have collectively purchased nearly 50% of the total TRB token supply since August 25, at an average price of $42 per altcoin. What’s even more surprising is that these wallets not only accumulated TRB, but also withdrew a significant portion of it from various exchanges, amounting to a staggering $111.4 million, for a total of 1,185,269 TRB. This withdrawal corresponds to 46.7% of the total circulating supply. According to Lookonchain’s report, these wallets currently have $61.5 million in unrealized profits.

TRB accumulation by these wallets has been documented by Lookonchain in a series of revealing posts over the past few days. On October 22, a new wallet made headlines by withdrawing 18,296 TRB tokens from Binance, worth $1.14 million. Lookonchain later revealed that the seven wallets responsible for withdrawing over $20 million in TRB tokens had made $10 million in profits since they purchased the tokens in September.

Big increase in TRB price

As a result of this whirlwind of activity, the TRB token price has seen a significant increase. At the time of this writing, TRB has a market cap of $253,044,205 and is trading at $102.19 per altcoin. This price trend is indicative of a bullish market, with a one-day gain of 21.81 percent, a seven-day gain of 80.41 percent, and a staggering 30-day gain of 189.53 percent. However, as TRB’s price has risen, it has sparked speculation within the crypto community about potential extreme market volatility. The actions of these whale purses have certainly stirred the waters. It has left investors and enthusiasts eager to see how this situation develops.

Additionally, in an interesting development on October 25, according to Spot On Chain tracking data, three whale addresses made a total withdrawal of 55,590 TRB from Binance in the last 24 hours, equivalent to approximately $5.01 million, at an average price of $90.05. Notably, one of these whale addresses starting with “0x034” withdrew another 15,655 TRB, or approximately $1.45 million, from Binance just three hours before this report. This address currently ranks as the ninth largest TRB holder. As TRB continues to attract the attention of the crypto world, the activities of these whales serve as a fascinating subplot in the broader cryptocurrency landscape. The question on everyone’s mind is: How will the actions of these major players affect TRB’s future and market dynamics?