TRB Climbs up the Ranks as It Flirts With Its All-Time High

  • Santiment revealed in an X post today that Tellor (TRB) almost reached its all-time high today.
  • According to the post, key whale addresses have accumulated 15% of the token’s supply over the past 7 weeks.
  • Following its strong performance, TRB was able to become the 110th biggest project in terms of market cap.

Santiment, the blockchain intelligence platform, revealed in an X post today that Tellor (TRB) jumped as high as $131 today to almost reach its all-time high (ATH) which was recorded in May 2021. According to the post, TRB is up more than 1,000% in 3 months. Furthermore, key 1K-100K TRB wallets have accumulated 15% of the supply in 7 weeks, noted Santiment.

The post showed that large wallet addresses currently hold an astonishing 46% of TRB’s total supply as a result of the substantial accumulation throughout the past few weeks. These addresses have also been much more active recently, but not at the expense of the supply held,  according to Santiment.

Following the strong medium-term performance, TRB was able to rise to become the 110th largest cryptocurrency in terms of market cap. At press time, CoinMarketCap indicated that TRB’s market cap stood at $321,585,944. This placed it on the heels of Basic Attention Token (BAT), with its market cap of $324,909,492.

If buyers continue to scoop up TRB, then it may even surpass Astar (ASTR) in the 108th position with its estimated market cap of $324,758,030. Meanwhile, Qtum (QTUM) was positioned closely below TRB with a market cap of $319,812,114.

TRB / Tether US 1D (Source: TradingView)

Notably, TRB was one of the few cryptocurrencies that was able to post a gain in the last 24 hours. CoinMarketCap data indicated that the altcoin’s price rose 0.93% throughout the past day of trading. This latest increase in price also boosted TRB’s weekly performance to +16.76%. Overall, the cryptocurrency was trading hands at $128.28 at press time.

There was, however, an 18.42% drop in TRB’s trading volume over the past 24 hours. As a result, the total stood at $66,831,042.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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