A wild day of trading of Tellor (TRB) on Dec. 31 wiped more than $68 million worth of leveraged positions, while a $2.4 million transfer from the Tellor team to Coinbase has sparked further concern.
A relatively unknown altcoin called Tellor (TRB) has been thrust into the community spotlight after surging nearly 150% to a new all-time high of $619 before plummeting back to $136 in just 13 hours on Dec. 31.
The unusual trading activity of Tellor was further called into question after Etherscan data showed the Tellor team had transferred 4,211 TRB — worth roughly $2.4 million at the time — at around 8:41 pm UTC to a Coinbase wallet just as the price spiked.
Meanwhile, the sudden drop in the price of Tellor caused more than $68 million in liquidations, according to data from CoinGlass that was later cited by blockchain analytics services Lookonchain in a Jan. 1 post to X (formerly Twitter).
