• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Sunday, June 29, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Tellor’s $TRB Suffers Steep Price Drop Amidst Whales’ Binance Deposits, Presently At $96 After Dropping Around 30%

Will Izuchukwu by Will Izuchukwu
November 10, 2023
in News
Reading Time: 3 mins read
0
12
SHARES
Share on TwitterShare on Facebook

Tellor’s native token, TRB, experienced an outstanding slump, seeing a sharp decline of more than 30% as of now. The token’s value plunged from around $143 to $86 during this period, raising concerns among investors and traders.

The unexpected price decrease seems, by all accounts, to be connected to significant deposits of TRB on the cryptocurrency exchange Binance. Twitter reports from Spot On-Chain featured two huge transactions including TRB deposits to Binance, both likely from a similar entity.

🚨🚨 [Updated] Another whale 0x1d3 also deposited 72,240 $TRB ($6.42M, avg price: $88.8) to #Binance ~25 mins ago.

The whale realized a small profit of $28K from $TRB if truly sold now. His profit was once $3.72M before the dump.

In total, 157,258 $TRB ($15.4M) have been… https://t.co/C1bTnQvfD3 pic.twitter.com/y7Fptwjo6m

— Spot On Chain (@spotonchain) November 9, 2023

Multiple Whales Engages In Massive Binance Deposits

The primary individual, associated with the addresses 0xc75 and 0x8fe, deposited a considerable measure of TRB — 85,018 tokens valued at $9 million. At the same time, another unmistakable TRB holder with the address 0x75c still held 63,415 TRB, comparable to $5.88 million.

After about 25 minutes, another whale, recognized by the address 0x1d3, deposited 72,240 TRB, adding up to $6.42 million, on Binance. In the hypothetical situation of prompt selling, this whale would have accumulated an unassuming profit of $28,000.

Furthermore, within a range of 45 minutes, a cumulative complete of more than 155,000 TRB, valued in the millions of dollars, moved into Binance. This deluge of tokens, combined with the potential selling pressure from these whales, has contributed to the significant 30% decline in TRB’s price.

$TRB Reacts To The Large Whale Exchange Deposits

Market analysts frequently decipher large deposits on exchanges as a signal of reducing market confidence, proposing a possible intention to sell the deposited assets. Due to this, the reaction from the market has been negative up until this point, with TRB right now trading at around $96, subsequent to falling more than 30% as of now from $142 levels.

As Tellor’s TRB explores this time of uplifted instability, market participants will be intently monitoring whale exercises and exchange developments for bits of knowledge into the token’s short-term direction.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

Follow us on Twitter @thevrsoldier to stay updated with the latest Crypto, NFT, and Metaverse news!

Image Source: photochicken/123RF// Image Effects by Colorcinch

Tags: AltcoinAltcoinsCryptocryptocurrencytellorTRB
Previous Post

Bitcoin Spark Set To Make Profitable Waves As Altcoin Interest Increases

Next Post

Investment Steps Up In Bitcoin Spark ICO As Ethereum Struggles

Related Posts

Featured

XRP Jumps as Ripple Wins Legal Fight

June 28, 2025
Trump to Save Crypto: New Order May End Banking Discrimination
News

Trump to Save Crypto: New Order May End Banking Discrimination

June 25, 2025
Why Ethereum 6-Second Block Time Might Change Everything
News

Why Ethereum 6-Second Block Time Might Change Everything

June 24, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?
Market Analysis

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?

June 22, 2025
Bitcoin $103K Support Is Shaking, Will the Bears Get Burned
Market Analysis

Bitcoin $103K Support Is Shaking, Will the Bears Get Burned?

June 21, 2025

Press Releases

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

by Alex Mercer
June 24, 2025

Introduction If you blinked, you might’ve missed Jupiter’s brief moment in the spotlight. The DAO behind the once-buzzy token has...

Read more
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier