The recent Tellor (TRB) Price Fluctuations
Over the past week, the price of Tellor (TRB) has dropped by more than 35%. Despite this, Lookonchain, a web3 data analysis tool, has reported that several addresses have made significant profits from the coin, even amidst the dip caused by large-scale selling.
Significant Profits and Losses
Three different addresses made substantial movements involving TRB tokens on the Binance platform. Address 0x1d withdrew 72,240 TRB, worth $6.14 million, and later deposited it at a higher value, resulting in a profit of approximately $955,000. Meanwhile, address 0x8f and address 0xC7 also executed similar transactions, generating profits of $4.5 million and incurring losses of approximately $4 million respectively. The total profit from these transactions is estimated to be close to 47 million with 14 profitable addresses based on the current token price.
The Rise and Fall of Tellor
Tellor experienced a surge in price on Oct. 24 and continued to perform well in November. However, it faced a dip after being listed as the second-highest performer on CoinMarketCap for a day, ultimately leading to a hack warning from Peck Shield.
Hot Take: Tellor’s Rollercoaster Ride
The recent fluctuations in Tellor’s price demonstrate the volatility of the crypto market and the potential for significant gains or losses within a short period. While some addresses were able to capitalize on the dip and generate substantial profits, others incurred significant losses. This highlights the importance of closely monitoring and analyzing market trends before making investment decisions in the crypto space.
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