Price Surge and Crash
The surge in TRB’s price was particularly intense on December 31, with trading volume skyrocketing by over 1,000%. However, this price spike was short-lived, as the crypto plunged precipitously soon after. The sudden drop in value has sparked speculation that the Tellor team may have been involved in manipulating the price of TRB.
Market Manipulation Allegations
According to the post on X by LookonChain, the Tellor team deposited a staggering 4,211 TRB worth approximately $2.4 million on Coinbase as the price skyrocketed. This deposit occurred after the price of TRB had already surged significantly, leading some to suspect that the Tellor team may have been manipulating the market.
