Tellor’s Rollercoaster Ride: TRB Prices Soar to $600, Plunge to $137

Bits Logics Team . 01st Jan 2024

• Lookonchain has observed that the TRB’s prices soared to $600 and then plummeted to $137.
• The platform also notified users that the Tellor team deposited 4,211 TRB after the price of TRB skyrocketed.
• TRB is currently priced at $208.71 after facing a massive fall of 30.48% in just one day.

With the start of the new year, Lookonchain, a market analytics platform, has observed that the TRB’s prices soared to $600 and then plummeted to $137, causing $68 million of assets to be liquidated, making it the most liquidated token over the past 24 hours.

Additionally, the market onchain analytical platform also notified users that the Tellor team deposited 4,211 TRB after the price of TRB skyrocketed, which caused several visiting users to call it a “pump and dump scheme.”

According to CoinMarketCap’s data, TRB is currently priced at $208.71 after facing a massive fall of 30.48% in just one day. It seems that TRB was trading in the green zone of the charts; however, the “dumping” may have caused the prices to flatline near $208 (the red zone).

Meanwhile, the market cap is valued at $529,224,984 after facing a double-digit fall. On the other hand, the trading volume shows a positive change of 708.53%, making it valued at $2,559,538,323.

 It is yet to be seen whether the prices will cause more devastating blows for the investors and the team. So far, the Tellor team has not yet made any comment regarding this massive fall.