- \n
- Tellor (TRB) price rose to highs of $119 on Monday as bulls looked to close in the green for the first time in four days.<\/li>\n
- TRB price could see a bullishish continuation as whales buy more tokens.<\/li>\n
- Tellor price is just 26% from its all-time-high of $164 reached in May 2021.<\/li>\n<\/ul>\n
Tellor (TRB) price pumped early Monday as the market looked to continue the positive momentum that has catalysed recent gains for many altcoins<\/a>.<\/p>\n
According to market data from CoinGecko, TRB price was $117 at the time of writing, up 15% in the past 24 hours. The price surge comes as a bullish break from lows of $96 saw TRB soar past $110.<\/p>\n
What is Tellor?<\/h2>\n
Tellor is a decentralised oracle network with smart contracts on Ethereum. \u00a0The protocol\u2019s oracle feeds provide for a permissionless infrastructure for bringing valuable off-chain data to smart contracts. Data providers compete for incentives in TRB, while the platform overall benefits the decentralised finance (DeFi) ecosystem.<\/p>\n
Tellor recently deployed on the Manta Pacific mainnet, adding its launch on the network to other EVM- compatible chains including Ethereum and Arbitrum. The oracle feed is also integrated with the Filecoin Virtual Machine.<\/p>\n
Why is the Tellor (TRB) price rising today?<\/h2>\n
As can be seen in the chart<\/u><\/a> below, TRB came close to hitting the $120 price level. This is the same price level that marked the point of last week\u2019s rejection and the start of a four-day decline for the altcoin. Bulls are looking to decisively break the four-day red candle streak.<\/p>\n
<\/p>\n![](\"https:\/\/media.igms.io\/2023\/09\/30\/1698664577629-8d1d3c02-ea4b-4fb6-81ad-958e7cde109d.png\")
Tellor price chart. Source:\u00a0TradingView<\/a><\/span><\/p>\n<\/span><\/span><\/p>\n
On-chain data sleuth Lookonchain has highlighted that TRB\u2019s price gains today come amid new accumulation by whales. After buoying the uptick from lows of $41 earlier this month, whales are at it again. More than 27,400 TRB worth over $3.18 million have been moved from crypto exchange Binance in the last few hours, Lookonchain posted<\/a> on X.<\/p>\n<\/div>\n
\u201cWhales accumulate $TRB again! 2 whales have withdrawn 27,405 $TRB ($3.18M) from #Binance in the past 5 hours. And the price of $TRB increased 15% today<\/em>,\u201d the account noted as Tellor pumped.<\/p>\n
The trend was also observable last week as TRB price skyrocketed 28% and 31% on October 23 and October 25.\u00a0<\/p>\n
\n
2 fresh wallets withdrew 24,784 $TRB<\/a> ($1.88M) from #OKX<\/a> and #Binance<\/a> ~10 mins ago.<\/p>\n
A total of 7 fresh wallets have withdrawn 198,755 $TRB<\/a> ($15.06M, 7.83% of the total supply) from exchanges in the past 3 days. pic.twitter.com\/TKh2C9XnSc<\/a><\/p>\n