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\t\t\t\t\t\t\t\tPosted: September 30, 2023 \t\t\t\t\t\t Decentralized oracle protocol Tellor [TRB]<\/a> defied bearish sentiments to emerge as one of the shining spots in the crypto landscape in the recent weeks. According to CoinMarketCap<\/a>, the token exploded 270% over the past month, exchanging hands at $52.18 at the time of writing.<\/p>\n Source: CoinMarketCap<\/p>\n<\/div>\n Realistic or not, here\u2019s TRB\u2019s market cap in BTC\u2019s terms<\/a><\/p>\n With an enormous rise in the midst of a bear market, speculators looking for a quick buck hurried to get their hands on the coin.<\/p>\n However, much like many other mid to small cap cryptos, the forthcoming movements in price could be dictated by a handful of powerful investors.<\/p>\n According to data from Lookonchain<\/a> dated 28 September, six whale wallets amassed as many as 286,375 TRBs of late, amounting to more than $15 million at going market rates.<\/p>\n Source: Lookonchain<\/p>\n<\/div>\n It was further revealed that all of these addresses were profitable, with a combined profit value topping $7 million. Lookonchain said that they could liquidate their holdings anytime.<\/p>\n Given that they control 11% of the supply, the sell-off might put significant downward pressure on the value of TRB.<\/p>\n While whale movements are often seen as a precursor of what to expect in the future, it\u2019s always advisable to tread with caution and DYOR.<\/p>\n As per Santiment, the bulk of the profit-taking took place around 17 September. Evidently, this was the time when most of the TRB holders transferred their stashes to exchanges to dump them.<\/p>\n Since then, supply on and outside the exchanges has been flat. Despite this, price pumped by a staggering 47%.<\/p>\n Source: Santiment<\/p>\n<\/div>\n TRB has greatly benefitted from the positive talk happening around the coin. As indicated, the amount of mentions in crypto-specific social media groups surged as the coin breached past the $50-level.<\/p>\n Is your portfolio green?\u00a0Check out the TRB Profit Calculator<\/a><\/p>\n Cryptocurrencies in general ride high on word of mouth and hype. Therefore, the social buzz might continue to fuel the influx of more traders.<\/p>\n
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\nWhales to decide the tide?<\/h4>\n
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<\/a><\/p>\nSocial buzz shoots up<\/h4>\n
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