Crypto News

Tellor’s $TRB Sees Bullish Momentum Amid Whale Accumulation

The decentralized Oracle protocol Tellor’s native token, $TRB, has been on a bullish trajectory over the past week, marking a 19% gain during this period, with an additional 5% increase observed today.

Recent on-chain data from Spotonchain suggests that new whales are showing interest in accumulating $TRB.

Notably, Whale 0xcb2 made a significant move by withdrawing 35,000 TRB, amounting to approximately $3.26 million, from Binance at a price of $92.99 per token. This withdrawal indicates a strong vote of confidence from this whale in Tellor’s potential.

Delving into the history of Whale 0xcb2’s trading activities reveals an interesting pattern. The whale has previously engaged in trades involving tokens such as AAVE, KNC (in its old versions), and REN. 

Substantial Profits From Whales’ Accumulation And Transfers

Notably, these trades resulted in substantial profits and losses:

  1. The whale realized a significant gain of $127,000, representing a staggering 2,397% return on investment (ROI), by trading LEND/AAVE between December 29, 2019, and October 31, 2020. This period coincided with the transition from LEND to AAVE, highlighting the whale’s astute timing in entering and exiting the market.
  1. Another profitable endeavor involved trading KNC (legacy), where the whale gained $10,600, equivalent to a 76.4% ROI, between December 29, 2019, and August 11, 2020.
  1. However, not all trades yielded positive results, as evidenced by a loss of $5,739, representing a 4.54% decrease, from trading 453,234 REN tokens between October 31 and November 1, 2020.

Despite occasional losses, the whale managed to amass a total profit of $138,000 from trading the old version tokens in 2019, demonstrating their ability to capitalize on market opportunities.

With Tellor’s $TRB gaining momentum and attracting the attention of discerning investors like Whale 0xcb2, the cryptocurrency community eagerly awaits further developments and potential price appreciation in the days to come.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: maximusnd/123RF // Image Effects by Colorcinch

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