{"id":9095,"date":"2024-01-02T12:12:51","date_gmt":"2024-01-02T12:12:51","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9095"},"modified":"2024-01-02T12:14:16","modified_gmt":"2024-01-02T12:14:16","slug":"tellor-whats-happening-with-trb-coin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/tellor-whats-happening-with-trb-coin\/","title":{"rendered":"Tellor!! What&#8217;s Happening with TRB Coin?"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:229\">In the last days of December, a major upheaval in the crypto market was caused by the volatile trading of an altcoin called Tellor (TRB). The sudden fluctuations in Tellor&#8217;s value caused traders to lose large leveraged positions.<\/p>\n<blockquote>\n<p data-sourcepos=\"3:1-3:229\">You might like: <a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-atms-shrink-by-11\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><em><strong>Bitcoin ATMs Shrink by 11%<\/strong><\/em><\/span><\/a><\/p>\n<\/blockquote>\n<p data-sourcepos=\"5:1-5:231\">On December 31, TRB&#8217;s value surged 150% in just 13 hours to reach $619, before quickly crashing back down to $136. Tellor&#8217;s team&#8217;s $2.4 million transfer to Coinbase coincided with the rapid rise in prices, which fueled speculation.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">In the past 24 hours, <a href=\"https:\/\/twitter.com\/search?q=%24TRB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRB<\/a> soared to $600 and then plummeted to $137, causing $68M of assets to be liquidated, making it the most liquidated token.<\/p>\n<p>We noticed that the <a href=\"https:\/\/twitter.com\/hashtag\/Tellor?src=hash&amp;ref_src=twsrc%5Etfw\">#Tellor<\/a> team deposited 4,211 <a href=\"https:\/\/twitter.com\/search?q=%24TRB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRB<\/a>($2.4M) after the price of <a href=\"https:\/\/twitter.com\/search?q=%24TRB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRB<\/a> skyrocketed.<\/p>\n<p>Address:<a href=\"https:\/\/t.co\/efHPXCiMiG\">https:\/\/t.co\/efHPXCiMiG<\/a> <a href=\"https:\/\/t.co\/IBty2Wf2gI\">pic.twitter.com\/IBty2Wf2gI<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1741683830854164578?ref_src=twsrc%5Etfw\">January 1, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p data-sourcepos=\"7:1-7:238\">As TRB&#8217;s value fell, over $68 million in liquidations occurred, according to data from CoinGlass. Analyses revealed that 26% of TRB is concentrated in just 20 large wallets, which could be contributing to artificiality in price movements.<\/p>\n<p data-sourcepos=\"9:1-9:233\">Tellor is a service token used for a decentralized oracle network, and the upheavals also affected decentralized trading protocols such as Synthetix (SNX). Synthetix stakers experienced losses due to the sudden change in TRB&#8217;s price.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8\ud83d\udea8 <a href=\"https:\/\/twitter.com\/search?q=%24TRB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRB<\/a> reached its all-time high today at $225, but what&#39;s next?<\/p>\n<p>Current situation: <\/p>\n<p>\u27a1\ufe0f Among the 2.5M <a href=\"https:\/\/twitter.com\/search?q=%24TRB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRB<\/a> in circulation, about 1.7M is on exchanges, and 660K is held by a group of 20 whales (which is ~95% of the tokens).<\/p>\n<p>\u27a1\ufe0f The group of whales accumulated these tokens in\u2026 <a href=\"https:\/\/t.co\/kWbZGxEqcv\">pic.twitter.com\/kWbZGxEqcv<\/a><\/p>\n<p>&mdash; Spot On Chain (@spotonchain) <a href=\"https:\/\/twitter.com\/spotonchain\/status\/1740590392163402137?ref_src=twsrc%5Etfw\">December 29, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p data-sourcepos=\"11:1-11:292\">Synthetix founder Kain Warwick highlighted the weaknesses in risk management in decentralized trading mechanisms, emphasizing the importance of strong risk control mechanisms. These events once again brought to light the risks in the crypto market and the challenges of decentralized trading.<\/p>\n<hr \/>\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube,<\/strong><\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the last days of December, a major upheaval in the crypto market was caused by the volatile trading of an altcoin called Tellor (TRB). The sudden fluctuations in Tellor&#8217;s value caused traders to lose large leveraged positions. You might like: Bitcoin ATMs Shrink by 11% On December 31, TRB&#8217;s value surged 150% in just<\/p>\n","protected":false},"author":1,"featured_media":9096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[151,3349,3347,3348,1993,1995],"class_list":["post-9095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-coinbase","tag-coinglass","tag-snx","tag-synthetix","tag-tellor","tag-trb"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tellor!! 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