Large wallets moved a total of $5.46 million worth of Tellor (TRB) tokens to centralized exchanges. Whale activity coincided with significant volatility in the TRB price, indicating potential profit-taking. Artificial Intelligence (AI) is taking crypto trading to the next level, bringing the best of automated features to a market that’s growing in leaps and bounds. As customised apps on Telegram continue to revolutionize the crypto trading market, one project looking to take top spot is Bitbot (BITBOT).
Will Tellor be able to reach $232 despite the sale?
Analytics platform Spot On Chain tracked a large transaction in which the 0xf2b wallet transferred 10,582 TRB worth approximately $1.32 million to Coinbase. The token price at the time of the transfer was approximately $124. Previously, the same address withdrew coins from the exchange at an average price of $57.7. By selling Tellor, he earned $706,000 in less than two months.
Several other whales repeated this buying pattern between early March and May 2024.
“Please note that this is the 6th whale that has withdrawn TRB from Coinbase between early March and May and then moved all tokens back to CEX for profit in the last 3 days after the price jumped 108%,” noted in Spot On Chain. Thus, the address 0xeb1 transferred 10,486 TRB worth about $1.38 million to Coinbase, purchased at an average price of $76.59. He held the tokens for more than two months, making a profit of $581,000.
What happened to Tellor (TRB) price?
Despite significant sales, TRB’s market performance is resilient. The token recently broke out of a bull flag pattern, which usually indicates a continuation of an uptrend. Well-known analysts in the crypto community suggest a potential target at $232.
However, this positive forecast will be refuted if Tellor falls below the critical support level of $115.
Bitbot: The best trading solution!
Bitbot, the amazing crypto trading solution on Telegram, delivers beyond an AI-driven bot. It’s the globe’s premier non-custodial Telegram bot. The outcome is a platform that merges security and the most cutting-edge trading tools, all crafted to bring institutional-grade crypto trading to the retail trader.The remarkable aspect about Bitbot is that the project is verified by Solid Proof. The collaboration with digital assets self-custody solutions technology provider Knightsafe also shines.
Overall, the emphasis on security, incorporation of AI, and anti-MEV and anti-rug tools heightens Bitbot above other bots. Bitbot’s public sale is in phase 13, with the BITBOT price presently at $0.018. Investors have amassed over $3.3 million so far.
In the subsequent two phases, the token’s value will ascend to $0.020. While the presale price has escalated from the initial $0.005, the ensuing two phases still present a potentially profitable position given probable catalysts for market growth.
The technology behind Bitbot
As a trading bot, Bitbot will operate more akin to other solutions in the market such as Banana Gun and PAAL AI. However, what distinguishes Bitbot is its pioneering non-custodial technology that enables users to securely integrate with their self-custodial wallets, ensuring it’s always “your keys your wallet and your assets.” AI also elevates the project’s advanced features, making this not just another sleek Telegram trading bot, but likely the quintessential trading solution.
When the bot launches in the market after its presale, traders eager for a novel experience will be able to tap into top tools such as the Gem Scanner, intelligent trading, copy trade and sniping. There’s also on-chain market insights and tailored wallet management.
Beyond the Telegram bot launch, Bitbot’s roadmap also emphasizes development of a native mobile app and provision of cross-chain support.
