Three whale wallets dumped nearly 230,000 coins in the market.
TRB pumped 47% over the last week.
Decentralized oracle protocol Tellor [TRB] tumbled more than 30% over the last four days, snapping the multi-week uptrend that saw the token rise to its all-time highs (ATH).
Evidently, TRB fell sharply on the 9th of November, reversing the gains made up until then significantly. At press time, TRB was exchanging hands at $81.97, according to CoinMarketCap.
Source: CoinMarketCap
But the big question remained — Who, or what, led to this dramatic drop in price?
Whales exit the market
TRB’s price movement, like that of other small-cap cryptos with less liquidity, was influenced by a handful of powerful investors.
According to Lookonchain data, the actions of whale investors exerted significant downward pressure on TRB’s price. Three whale wallets, holding nearly 230,000 coins, went on a selling spree.
Out of the three, two addresses sold at a profit, with one selling for almost $4.5 m
We współpracy z: https://eng.ambcrypto.com/trb-teeters-on-the-edge-as-whales-start-dumping/
