In a surprising turn of events, Lookonchain, the renowned on-chain analytical platform for smart money, recently unveiled a groundbreaking move in an X post that has rippled through the realms of Bitcoin and altcoins. A newly minted wallet has successfully withdrawn a staggering 18,296 Tellor (TRB) tokens from the Binance exchange, amounting to a jaw-dropping $1.14 million. The seismic nature of this maneuver has ignited a fervor of excitement amongst investors and traders alike.
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— Lookonchain (@lookonchain) October 20, 2023
This whale currently holds 539,746 $TRB ($33.88M, 21.26% of the total supply), which is spread across 3 addresses.
The buying cost of this whale is ~$22.
The current profit has exceeded $14.5M, and the whale may sell $TRB at any time to make a profit. pic.twitter.com/q7eNXSs3KF
The uptick in activity coincides with an astonishing 550% surge in TRB price since August 25. This rally has piqued the interest of both experienced and novice investors. As a result, investors are keeping a close eye on the altcoin TRB, eagerly awaiting potential trading prospects.
The platform revealed seven prominent whale addresses as key players standing out amidst the crowd. Since the advent of September, these addresses have quietly amassed a hefty 332,712 altcoin TRBs, translating to a substantial $20.64 million. This development is paramount to those considering a short position on the altcoin TRB; vigilance regarding these addresses is imperative. What sets these addresses apart is their steadfast dedication to managing their TRB holdings, abstaining from any inclination to divest.
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— Lookonchain (@lookonchain) October 20, 2023
These 7 wallets have accumulated a total of 332,712 $TRB($20.64M, 13.11% of the total supply) from #Binance since September and have not sold.
The total profit of these addresses on $TRB exceeds 10M, and they may dump $TRB for profit at any time. pic.twitter.com/zJqloAsuNl
In the realm of altcoin TRB, a dominant whale holds sway, commanding a formidable 539,746 TRB tokens, amounting to a staggering $33.88 million. This substantial investment is astutely distributed across three distinct addresses, introducing a complex dimension to the entity’s dynamics.
According to the Lookonchain X post, with an estimated entry cost of $22, it’s clear that this prominent whale has garnered substantial gains in a relatively short period. Currently, profits have soared beyond $14.5 million. Moreover, the likelihood of these whales converting some of their altcoin TRB holdings into gains remains a tangible possibility at any given moment.
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— Lookonchain (@lookonchain) October 20, 2023
This whale currently holds 539,746 $TRB ($33.88M, 21.26% of the total supply), which is spread across 3 addresses.
The buying cost of this whale is ~$22.
The current profit has exceeded $14.5M, and the whale may sell $TRB at any time to make a profit. pic.twitter.com/q7eNXSs3KF
In the ever-changing and dynamic world of cryptocurrency, the significant influence of whales with substantial assets on market dynamics is undeniable. For investors closely monitoring the altcoin TRB, keen awareness of these whales’ actions and their potential impact on token prices is crucial. While the temptation of a surging altcoin may be strong, caution is advised.
