"Go crazy, is there anyone here who managed to make a profit when the price of TRB went up by more than $600?"
Cryptocurrency Tellor (TRB) on December 31, 2023 did see a massive rally up to $628 in just a few hours, but unfortunately a pump-and-dump was triggered when the price quickly fell below $130.
This is because TRB contract liquidations reached an unprecedented amount of more than $60 million, causing the resulting liquidations to attract the attention of digital asset market participants.
There's no denying that TRB's price is up 2,000% amid strong whale activity, but current developments make clear the digital asset is experiencing massive selling from the big players.
As such, concerns about potential market manipulation have arisen among analysts, especially YouTube channel crypto analyst Cilix Crypto who has shown significant fluctuations in the price of TRB.
Yet in the ever-evolving landscape of blockchain technology, TRB stands out as a decentralized oracle protocol that plays an important role in updating critical off-chain data for smart contracts.
Not only that, oracle TRB also facilitates the seamless integration of external data into subsequent smart contracts providing data that can be actively requested, validated and merged seamlessly in the chain without the need for permission.
Please note that TRB price which is currently trading at $185.53 has recorded a recovery of about 30.52% in the last 24 hours, but still plunged 0.88% throughout the last seven days.
