Crypto News– Based on data from CoinMarketCap, Tellor (TRB) is presently trading at $128.93, exhibiting an impressive 30-day growth percentage of 160%. Noteworthy insights from the prominent market intelligence firm Santiment reveal that TRB reached a peak of $131 within the last 24 hours, marking an astonishing appreciation of 1,025% over the past 100 days.
Tellor Approaches 2021 Record High, Registers Remarkable 1,025% Growth in 90-Day Span
The bullish trajectory of TRB has resulted in a significant climb of over 300 positions in the rankings among notable crypto projects. Currently holding the 112th spot with a valuation of $320 million, this marks a substantial ascent from its position of 573rd in August, accompanied by a valuation of $20 million.
With its exceptional recent performance, Tellor is now on the verge of reclaiming its previous all-time high (ATH) of $163.76, requiring just a marginal increase of $39. It’s worth noting that TRB reached this ATH in May 2021, around the peak of the preceding bull cycle.
The surge in TRB’s value and ranking underscores its notable position in the cryptocurrency market, reflecting a compelling growth trajectory and heightened market confidence. As the cryptocurrency landscape continues to evolve, Tellor’s performance serves as a testament to the dynamic nature of digital assets and their capacity for substantial value appreciation within relatively short timeframes.
Whale Holdings Surge: Accumulation of 15% of TRB Supply in Just 7 Weeks
Meanwhile, a deeper examination of data highlights the considerable influence of crypto whales in steering the impressive trajectory of Tellor (TRB Coin).
According to insights from Santiment, addresses possessing TRB Coin within the bracket of 1,000 to 100,000 tokens have collaboratively amassed a noteworthy 15% of the coin’s circulating supply in an astoundingly brief timeframe of less than two months. This accumulation trend reveals a strategic move by these TRB whales, as their initial control over 31% of Tellor’s token supply in September has now expanded significantly to 46% within a mere seven weeks.
Adding to the complexity of this scenario, the market tracker has brought to light that while transactions involving TRB by whales exceeding the million-dollar mark have become more frequent, these substantial transactions have not translated into a reduction of the overall token supply. This intriguing phenomenon implies that the impactful transactions by these whales, characterized by their significant financial weight, are not causing a depletion in the available TRB supply.
The escalating dominance of crypto whales in the accumulation and retention of a substantial share of TRB not only underscores their pivotal role as major influencers in shaping the market dynamics of Tellor but also contributes significantly to the ongoing narrative of TRB’s remarkable performance in recent times. As the cryptocurrency landscape continues to evolve, the strategic moves of these influential entities will likely continue to play a crucial role in defining the trajectory of Tellor’s market performance.
Anticipated Expansion Following Recent Developments
The substantial accumulation of numerous tokens within a single wallet often serves as a clear indicator of the holder’s anticipation of future growth in the asset. In the case of Tellor, such accumulation signals a strong belief in TRB’s upward trajectory, with expectations of reaching new all-time highs. The evolving dynamics within the Tellor ecosystem, marked by increasing adoption and growing confidence among significant stakeholders, contribute significantly to the cryptocurrency’s remarkable ascent.
In essence, the remarkable surge in Tellor’s price, the evolving patterns in TRB Coin distribution, and the heightened activity among cryptocurrency whales collectively paint a promising outlook for the future of this decentralized oracle network. Investors and the broader crypto community are keenly observing Tellor’s journey as it continues to make waves and disrupt the traditional landscape of the cryptocurrency space. The changing dynamics and increasing traction suggest a potential for sustained growth and influence in the times ahead.
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