jakiro
At the beginning of 2024, Tellor Tributes token TRB, the old project of the forecasm track, completed a “roller coaster” performance.
On December 31st, TRB, from nearly $ 11 to $ 1168 in more than three months, did not brake, but appeared near the next 6 hours near $ 590.The even more surprising scene followed, and within 6 hours, TRB plummeted to nearly $ 149.
12 hours, the skyrocketed and plummeted, the TRB of the logo -shaped “round moon scimitar” created the first “multi -short double explosion” tragedy in the New Year in the encryption asset market.They were all angry, they were played by this “demon coin”.
An existing sound on the market was finally heard: TRB with a maximum supply of 2586819 has been charged.The chain analysis tool Spot On Chain previously statistics, “Among the 2.5 million TRBs of circulation, about 1.7 million are on the exchange, and 20 whales hold 660,000.”
Some addressing behaviors are occurring in August 2023 when TRB starts. At that time, crypto asset investment and service agencies mentioned that the LD Capital mentioned TRB’s chain in the report.Or because of this, some investors pointed the controller to LD, which attracted the partner of the agency Lou Yueyue to clarify the public “reward 10 million US dollars to find evidence”.
Since then, analysts on the chain pointed out that before the TRB plummeted on January 1, the Tellor Tributes team deposited 4211 TRB into the centralized exchange CoinBase.The data on the chain shows that two days ago, the team had transferred 7000 TRB to Coinbase, which was the continuous rise in TRB at that time.
In the lack of liquidity TRB market, excessive leverage trading positions have also played a role in helping TRB’s rise and fall.Some traders observe that TRB’s daily contract transaction volume is more than 500 million US dollars, “there are a lot of gambling ghosts.”
Giant whale control, team shipment, excessive leverage, unmanned “demon currency” TRB has completed the first cut in the New Year.
Multi -short dual -explosion “Round Moon Save” 12 hours of 12 hours rotation harvest
At 9:25 night before the New Year, TRB, which has continued to rise within 4 months, has risen from $ 268.88, and at 6:15 in the morning the next day, it has risen to $ 593.09, an increase of 120.5%.
Just as TRB successfully attracted the attention of the market, after the next one hour, TRB cliff fell, and fell to a low of $ 143.69 within 6 hours, a 312.75%drop from the high point.
The severe fluctuations in the short -term directly caused the “multi -short double explosion” of the contract market.Data show that within 24 hours before 8 o’clock on January 1st, the amount of TRB futures contracts was $ 73.1 million, of which $ 44.49 million in vacant single positions, and more than $ 28.61 million.
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24 -hour TRB futures contract burst 73.1 million US dollars
In addition to the outfi application that occurs in the centralized exchange, decentralized DEFI applications are not spared.
On January 1, the founder of the decentralized synthetic asset issuance agreement Synthetix (SNX)@Kain.etH stated on the X platform that SNX pledges lost about 2 million US dollars due to the abnormal fluctuations of TRB.
@Kain.eth explained that Trb had an unable -level contract limit of 250,000 US dollars in Synthetix, but as its price rose in the past few months, the upper limit has expanded to $ 12.5 million, which should have been lowered. It should have been reduced.But risk control is not strict.”Today TRB prices have soared, and several short positions have been opened, but due to the dislocation of spot prices and contract prices, arbitrage balance fails, which is a lesson for Synthetix.”
The abnormal price of TRB still appears on the quotation of the exchange.At 10 o’clock on January 1, the TRB/USDT price on OKX was reported at $ 233.24, while the price of Binance TRB/USDT was $ 170.74, with a price difference of 36.6%.
In fact, this LOGO is like a “round moon scimitar” TRB appeared as early as 2019. It is the native currency of Tellor Tributes, a decentralized prophet protocol, with a total supply of 25.86819 million.Almost all.
COINGECKO, a third -party data platform of the encrypted asset market, shows that in early October 2019, TRB entered the secondary market. The price was only $ 0.8 at first. During the 2021 crypto bull market, it climbed to $ 146.14, and fell below $ 100 after 4 days.In the following year, the price of TRB has been shocked in two digits.
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TRB has been calm for nearly 2 years, and suddenly moved from August 2023
Beginning in 2023, TRB remained between $ 8-10. Until September 16, TRB rushed to more than $ 40 from about $ 10 in less than one month, which was doubled. At the end of September, some exchanges or even even some exchanges or even evenMore than $ 60.After half a month, he continued to rise from nearly $ 46 on October 13th, reaching a phased high point of $ 139.92 in early November, and eventually rushed to the waterfall at the end of the year, and the “blood washing” contract market.
Such a project that has been born in 2019 and has not lived for nearly two years, suddenly returned to life in September last year, surfed all the way, and turned into a “killer” at the end of the year.There must be monsters when things are abnormal.
Ambush for 4 months of the giant whale sucking the disk
After the “Demon Coin” released the demon, the situation of the giant whale controlled disk gradually became clear.
In fact, on December 29, when TRB rose to $ 225, the data analysis tool Spot On Chain on the chain issued a reminder, “Among the 2.5 million $ TRB circulating20 whales hold 660,000. “
After the data analyzed data, Spot On Chain also stated that the whale raising has accumulated TRB at a favorable price of $ 15 in August and September. Since then, the price of the token has increased by 15 times, earning a total of $ 120 million(Realize profit of 40 million US dollars and unrealized profit of 80 million US dollars).In the past two months, the whales have slowly deposited their tokens into the exchange, forming a cycle that raised and sold to clear the tokens they held.
After experiencing the 2017 encrypted asset players, they all know that when the chips are excessively concentrated in the hands of a certain or more people, the tokens become a tool for the dealer to control the price.
Spot On Chain reminded that because most tokens were still in the hands of whales, they controlled the game.Prices may experience a significant rise to remove short positions and sell hard assets.
Spot On Chain’s prompts finally made a word. At the beginning of the new year, TRB dived.
So, who is these whales that control TRB chips?
Unfortunately, although the openness of the blockchain address allows anyone to see the flow of assets, the characteristics of the anonymity of the blockchain cannot allow the outside world to know the identity of specific holders.
Some people point the trader to an encrypted asset investment service provider.In social media, some people have accused many Chinese currency circles familiar with the capital (LD Capital).
In this regard, the capital partner Lou Yueyue responded on X and other social channels on X. “The real name found any Binance account KYC information and LD/I/I personally, the transaction cost and this one related to any related partyThe information related to the price fluctuations of the wave TRB will reward 10 million US dollars; otherwise, it will spread the content of the information over 3,000 readings and retain the right to investigate the relevant legal responsibilities. “
The reason for the accusation of capital may be a report on TRB funds released by the agency on August 28 last year.In fact, the capital was mentioned in the report at the time that some addresses to take care of TRB.
The report shows that there is a large fluctuation on the chain on August 21, which is the highest level since January this year, far greater than the previous data.At the same time, the price did not fluctuate large, hovering around $ 10, “We think someone may build a position on the chain at this time.”
Without the correspondence between the address and identity, this report does not become a proof of accusing the capital of the capital, but the report has proved that the TRB giant whale does have a low absorption.
The whale was not sure, and those who sold at the high point were arrested.
On January 1, the chain analysis tool lookonchain said according to the tracking data, a wallet address related to the Tellor Tributes development team, transferred 4211 TRB to the exchange coinbase after the TRB price soared.At the price at the time, these TRBs were worth $ 2.4 million.
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Tellor team related addresses have been transferred multiple times to coinbase
According to the data on the chain, the address of 0x1B8 started at the month of December and transferred to the 12735 TRB to Coinbase. It also received 20000 TRB through the multiple signatures of Tellor.
Based on this, the Tellor Tributes team is profitable at the high point of TRB.
Analysts @Riyad_carey pointed out that the Tributes team stored TRB into Coinbase a few hours before the price plummeted, but the selling on Binance was about 2 minutes earlier than Coinbase.But after the Tellor Tributes team charged TRB into Coinbase for the second time, the market appeared at $ 350,000 to sell, resulting in TRB prices from $ 500 to $ 400.He believes that the Tellor Tributes team does not rule out the clearing, but the whale that really seriously controls the price is hidden in Binance.
This analysis also coincides with the data tracked by Spot On Chain. The giant whale address of the tools established by the tool set data shows that since September, most of the TRB in the whale wallet has flowed to the world’s largest crypto asset exchangeBinance.
According to data on the chain, even today (January 5), one address of Binance is still ranked first among TRB holders, totaling 771,600 TRB, accounting for 29.82%of the total supply; holdingThe second largest exchange is OKX, totaling 189,700 TRB, accounting for 7.2%.
In addition, TRB in the top ten non -exchanges in the giant whale address accounts for 24.85%of the total supply, about 642,900, and chips are still concentrated.
Excessive leverage “casinos” are uninhabited
Investors affected by TRB’s rise and fall, not only did the giant whale hiding in the dark, but also expressed dissatisfaction with the exchanges’ label slaughter investors.The “single -machine coin” was removed.
After the incident, Binance took temporary measures and suspended TRB’s bill of payment.But as of press time, there is no exchanges to remove TRB.
The amount of more than 70 million liquidation has indeed lost heavy losses, and excessive leverage trading behavior in the market has actually played a role in helping TRB’s rise and fall.
As early as August, the capital discovered that the TRB existence of the chain was found simultaneously, and the TRB contract transaction volume and positions of the contract also rose at that time.On the morning of August 26, TRB24 hours contract transaction volume increased by 151%, and the contract holding increased by 93%.”Large account holding positions is in a multi -state, and the account ratio is 0.96, indicating that there are a lot of retail investors short.”
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The TRB contract market data recorded on August 26
At that time, TRB’s transaction volume was US $ 30.5 million, and the position was $ 12.8 million.By August 28, only 2 days later, TRB’s contract transaction volume and positions increased rapidly. “In the last 24 hours, its contract transaction volume was 1.6 billion US dollars, and the position of the position was about 68 million US dollars.”
August is the stage where the whale has begun to suck. The rise in TRB prices has also begun to attract traders of futures contracts. The positioning of the TRB contract market has also begun from August.
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In 2023, the TRB contract holding volume changes and the explosion data from October
According to common sense judgments, no currency will continue to rise.However, TRB does not matter. After entering October, the “Air Force” became a frequent customer of the TRB rising stage.By October 26, TRB, with a total market value of US $ 250 million, has a $ 355 million position in the contract market, with a capital rate of -1.38%.
After the continuous empty order, some traders had smelled the crisis and gave up their transactions to TRB. Some people still did not believe in evil and always wanted to eat a wave of short profits at a high point, but repeatedly defeated.
On December 29, when TRB had not shocked $ 500, Binance users who had shortly did the token Ith recalled that he had short TRB near $ 35. He was lucky enoughAfter the band was short, the profit was retracted nearly 80%, and the bid was abandoned since then.
He speculated that the currency Dazhuang continued to smash the currency price, and then used contract leverage to make profits.”If you are still playing about contracts, it is best to stay away from this currency. Now the daily contract transaction value of the tokens is more than 500 million U. It can only be said that there are really a lot of gambling ghosts.”
Two days later, TRB rushed to dive within 6 hours, and dived within 6 hours.
Looking back, the supply volume is only 2.58 million TRB, which is almost all circulating. In the market with a low price itself, such encrypted assets are easily sucked at low prices.For more and more chips in the hands of the dealer, they almost mastered the K -line’s drawing right, and the “closed -eyed player” in the contract market can only be slaughtered.
The “demon coin” TRB exists and can continue to exist after the release of the demon, which once again proves that the crypto asset market is scarce for investors’ protection.In such an environment, there are only one way investor protects themselves, open eyes, and stay away from those market targets that lack liquidity.
