EddieJayonCrypto
1 Jan 24
:The price of Tellor (TRB) experienced a dramatic rise and fall, leading to significant liquidation totaling over $73 million, surpassing the liquidated volumes of Bitcoin and Ethereum. The Tellor team's deposit of 4,211 TRB, worth approximately $2.4 million, at the time of the price spike has raise...
The price of Tellor (TRB) experienced a dramatic rise and fall, leading to significant liquidation totaling over $73 million, surpassing the liquidated volumes of Bitcoin and Ethereum. The Tellor team's deposit of 4,211 TRB, worth approximately $2.4 million, at the time of the price spike has raised suspicions of potential price manipulation. This event has prompted concerns from market regulators about price volatility and manipulation in the crypto industry, leading to calls for a robust regulatory framework to guide the industry.
Tellor (TRB) price saw a parabolic run and a subsequent drop that led to massive liquidation in what many have considered an early price manipulation in 2024. According to data from CoinGlass, the total Tellor liquidation in the past 24 hours has surpassed $73 million, placing it above Bitcoin (BTC) and Ethereum (ETH), whose liquidated volumes are $26.04 million and $25.81 million respectively. It is quite unusual for an altcoin, especially a low cap one like Tellor, to outrank the duo of BTC and ETH in liquidation figures. However, this was inevitable because TRB soared as high as $602.98, a price that marked itβs All-Time High (ATH), and fell drastically back to $130.34.
Disclaimer:This is not financial advice. Please do your own research before investing in any asset.