Tellor’s TRB liquidations soar to $70m amid market manipulation concerns
Whales have allegedly wiped out both long and short positions in TRB, causing the token’s price to plunge from $600 down to $135 in a matter of a few hours. On Jan. 1, TRB, the native token of Tellor, suffered a staggering 70% decline from its all-time high of $600 earlier in the day, according to CoinGecko data. The market turmoil ensued after whales executed substantial liquidations of both long and short positions, as reported by crypto tracking service Spot On Chain. TRB price in USD | Source: CoinGecko Over the past 24 hours, CoinGlass recorded a total of $233 million in liquidations , with TRB accounting for more than $73 million. Token liquidation heatmap | Source: CoinGlass You might also like: Tellor up 39% from yesterday, analyst points to manipulation Notably, HTX (formerly Huobi) emerged as the largest dumper of TRB positions as of Dec. 31, with over $15 million in TRB shorts opened on the exchange. OKX and Binance followed, with $12.1 millio...