Tellor (TRB) Experiences a Volatile Journey: Soars by 150%, Witnesses Price Surge, Faces Accusations of Market Manipulation

Tellor (TRB) has taken investors on a wild rollercoaster ride, leaving them stunned by its extreme ups and downs. The cryptocurrency experienced an unprecedented surge in price followed by a dramatic plunge within the last 24 hours.

During this period, TRB led the market in terms of liquidated positions, with more positions being liquidated than any other cryptocurrency, according to data from CoinGlass.

The surge in TRB’s price was particularly intense on December 31, with trading volume skyrocketing by over 1,000%. However, this surge was short-lived, as the crypto quickly plummeted soon after. This sudden drop in value has caused speculation that the Tellor team may have manipulated the price of TRB.

According to a post on X by LookonChain, the Tellor team deposited a staggering 4,211 TRB, worth approximately $2.4 million, on Coinbase as the price of TRB soared. This deposit occurred after the price had already surged significantly, leading some to suspect market manipulation by the Tellor team.

In the past 24 hours, TRB reached a high of $600 before crashing to $137, resulting in $68 million worth of assets being liquidated. This makes TRB the most liquidated token during this period.

The subsequent crash had a significant impact on the cryptocurrency market, with $227 million worth of liquidated positions reported recently.

This situation highlights the importance of transparency and accountability in the industry, as investors and regulators must prioritize these values to combat market manipulation. The recent events surrounding TRB serve as a reminder of the evolving nature of the cryptocurrency industry and the need for vigilance.