Beware of Rollercoaster Rides: Tellor Price Manipulation Sends TRB on an Epic Surge and Crash!

There was a wild ride for Tellor (TRB) in the last 24 hours, as its price saw both a sudden increase and decrease that appears to be a case of price manipulation.

Tellor (TRB) shocks market with 75% price crash, here’s what went down.

🎢 Buckle up, folks! Today we’re taking a wild ride on the Tellor (TRB) rollercoaster. In the past 24 hours, TRB’s price has gone through a surge and crash that could rival any amusement park attraction. It’s been a real nail-biter, with the crypto shooting up to over $600, only to come crashing down to $137. 😱

This dramatic turn of events has left many scratching their heads and wondering what in the world just happened. Well, according to data from CoinGlass, TRB has witnessed more liquidated positions than any other crypto during this time period. Whales are exiting both long and short positions, leading to rumors of manipulation. 🐳💰

TRB Price Action And Liquidation: A Whirlwind Ride

TRB has been on an upward trajectory since the beginning of the month. The price increase was particularly extreme on December 31, launching the crypto to a new all-time high of $602. This surge also brought about a whopping 1000% increase in trading volume, according to Coinmarketcap data. However, this exhilarating rise was short-lived, as TRB quickly plummeted to $139.

This wild price volatility resulted in TRB leading the market in liquidations for both long and short positions. CoinGlass reports that a total of $227 million in positions were liquidated in the past 24 hours, with TRB taking the lead at $73.93 million. It’s quite extraordinary for such a low market cap altcoin. ETH and BTC followed closely behind, with $24.7 million and $22.74 million liquidated positions respectively.

• 📊 No Significant Price Surge Expected for Bitcoin Spot ETF Approval, According to Greeks.live
• The SEC’s Shifting Stance on Spot Bitcoin ETFs: A New Dawn for Investors?
• Metagood Secures $5 Million Funding for Osura Marketplace, Bringing Bitcoin and Art Together 💰🎨

🔥 But hold on tight because things are about to get even more intense. Rumors are swirling that the Tellor team may be behind this extraordinary price manipulation. Lookonchain, in a post on X (formerly Twitter), revealed that the team deposited a staggering 4,211 TRB worth approximately $2.4 million on Coinbase as the price skyrocketed. 🤔

According to the post, this suspicious move has investors speculating about a possible selloff from the team, which could explain the subsequent crash in TRB’s price. However, it’s important to note that this remains purely speculative at this point.

The Rise and Fall of TRB: From Humble Beginnings to Heart-Stopping Twists

TRB is the utility token for Tellor, a decentralized oracle network that provides real-world data to blockchain-based smart contracts. Throughout most of the year, TRB traded below $15 and didn’t attract much attention. But that all changed in September when things started to heat up. The cryptocurrency’s volatility reached new heights, signaling a wave of excitement among investors.

The sustained price surge kickstarted in mid-September and saw TRB reach an impressive price point of $140 on November 9. However, the excitement was short-lived as TRB experienced a dip in value throughout November, dropping to around $77 by the month’s end.

But December brought a change in momentum. TRB’s price action indicated a steady surge right from the start of the month. As of now, TRB is trading at $191, marking a remarkable 143% increase over the past 30 days. Talk about a wild ride!

Q&A: Answering Your Burning Questions

Q: Is this price manipulation with TRB a common occurrence in the crypto industry?

A: Sadly, price manipulation is not a new phenomenon in the crypto industry, especially among low market-cap altcoins. While we cannot say for certain whether the recent events with TRB were a result of manipulation, it’s essential to remain vigilant and cautious when trading in any crypto.

Q: What should I do if I suspect price manipulation is happening with a particular crypto?

A: If you suspect price manipulation or any suspicious activity with a crypto, it’s best to report it to the appropriate authorities or platforms. This helps maintain the integrity of the market and protects investors from potential scams.

Q: What’s the outlook for TRB in the future? Should I invest?

A: The future of any crypto is highly uncertain, and it’s crucial to conduct thorough research and analysis before making any investment decisions. In the case of TRB, its recent surge and subsequent crash demonstrate how volatile the market can be. It’s best to consult with financial advisors or do your own extensive research to determine if TRB aligns with your investment goals and risk tolerance.

References:

• XRP Price Surge: Crypto Analyst Predicts Various Bullish Scenarios In The Coming Days
• ETH Price Manipulation: What You Need to Know
• BTC Price Analysis: Experts Predict Next Moves
• South Korean Biz Exec Released Amidst Market Manipulation Probe
• Bitcoin Spot ETF: Bitwise Enters the Arena with $200 Million Seed Fund

At the end of this thrilling rollercoaster ride, we encourage you to share your thoughts and experiences with us. Have you ever been caught in a wild price swing like TRB? Let us know in the comments below! And don’t forget to buckle up because you never know when the next crypto adventure awaits. 🎢💸

Disclaimer: The information provided in this article does not constitute financial advice. Always do your own research and consult with professionals before making any investment decisions.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!