- Lookonchain reported significant whale transactions involving Tellor (TRB) since August 2023.
- TRB’s value increased by 360%, moving from $10 to $46.
- Despite a recent drop, TRB’s weekly performance showed a +75.83% gain.
The on-chain analytics platform Lookonchain reported yesterday that several significant whale transactions involving Tellor
From 30th August 2023, one whale has accumulated 540,777 TRB, valued at $21.24 million, making up 22% of the total supply. Beginning on the same date, this specific whale began a sequence of TRB withdrawals from exchanges, amassing 872,602 TRB, valued at $34.3 million, accounting for 36% of the total supply.
Following this, the whale transferred 331,825 TRB, equivalent to $13 million, into Binance on the 4th, 9th, and 15th of September, 2023. Furthermore, data from Lookonchain disclosed that on Thursday, four whales collectively pulled out 181,657 TRB from Binance, valued at $7.14 million, accounting for 7% of the total supply.
About TRB’s performance as we enter the new week, CoinMarketCap has noted a decrease in TRB’s performance, with its price suffering a substantial drop of more than 13% in the last 24 hours of trading. As a result, TRB’s value stood at $40.02 after reaching a high of $46.77 and a daily low of $35.11.
The decrease in TRB’s price also resulted in its depreciation against the market frontrunner, Bitcoin (BTC), by approximately 13.30%. The 24-hour trading volume of this altcoin was around $134,056,359 at the time of reporting, indicating a 19.63% drop compared to the previous day.
Despite the recent drop in price, TRB’s weekly performance remained positive, with a gain of +75.83%. With a market capitalization of $67,237,503, it is the 284th largest cryptocurrency. It is positioned just after Powerledger (POWR), which holds the 283rd spot with a market capitalization of $70,094,578.
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