Posted 1/1/2024, 3:18:04 PM
Tellor Token Price Spikes 700% Then Crashes 70% in 24 Hours, Sparking Manipulation Speculation
- Tellor (TRB) price skyrocketed from $232 to an all-time high of $629, then crashed 70% to $121 in 24 hours
- TRB traders suffered over $68 million in liquidations in the past 24 hours
- Tellor team deposited $2.4 million worth of TRB to Coinbase near the top, sparking manipulation speculation
- Just 14 whale wallets control 76% of TRB supply, raising risks of pumps and dumps
- Extreme volatility and concentration of tokens have fueled questions around potential whale price manipulation