What Causes TRB Price to Fluctuate So Dramatically When 95% of Supply is Controlled by 20 Whale Holders?

TRB price surged from $10 to $80.37 between September 2023 and March 2024

Tellor's TRB token experienced a remarkable price trajectory, surging nearly 700% from approximately $10 to over $80 between September 2023 and March 2024. This dramatic price movement can be attributed to two primary factors: market sentiment and strategic manipulation by whale investors. The price dynamics throughout this period revealed interesting patterns that crypto analysts have carefully documented.

| Period | Price Range | Primary Driver | |--------|-------------|---------------| | Sept 2023 | $10 - $25 | Whale manipulation | | Mid-Oct 2023 | $25 - $45 | Macro-market sentiment | | Nov-Feb 2024 | $45 - $80.37 | Combined factors |

Despite this impressive growth, technical indicators suggest the price remains within a larger bearish trend pattern. However, analysis from multiple crypto experts indicates the price is likely to maintain its elevated position through the end of 2024. Some projections even suggest potential growth to the $110-130 range in the short term, though investors should remain cautious as whale liquidation could trigger a sudden plunge at any moment. The sustained high trading volume, which exceeded $36 million daily during peak periods, further confirms genuine market interest in this oracle-focused cryptocurrency within the Ethereum ecosystem.

95% of TRB supply controlled by only 20 whale holders

The concentration of TRB token ownership presents significant market implications, with current blockchain data revealing an alarming wealth distribution pattern. On-chain analytics demonstrate that merely 20 addresses control approximately 95% of the total TRB supply, creating conditions ripe for market manipulation. This extreme centralization raises serious concerns about the token's price stability and trading fairness.

Market analysts have documented substantial evidence of this concentration influencing price action. When examining recent TRB price movements, the correlation with whale activity becomes evident:

| Metric | Value | Market Impact | |--------|-------|---------------| | Whale Addresses | 20 | Control 95% of supply | | TRB Holdings | ~1.08M tokens | Worth $92.87M at recent prices | | Concentration Risk | Very High | Creates pump and dump vulnerability | | Recent Whale Activity | $3M+ withdrawals | Triggered price volatility |

This ownership structure enables coordinated trading actions that can artificially inflate or deflate TRB prices. For instance, on May 28, large holders withdrew over $3 million worth of TRB from exchange wallets into cold storage, directly preceding a significant price movement. The subsequent 150% price spike followed by a rapid decline evidences the market impact these concentrated holders wield, leaving smaller traders vulnerable to orchestrated price manipulation schemes.

Current market cap at $90.58 million with high price volatility

Tellor (TRB) currently maintains a market capitalization of $90.58 million, positioning it as a mid-tier cryptocurrency in the broader digital asset landscape. The token has demonstrated remarkable price volatility throughout 2025, with significant fluctuations that present both opportunities and risks for investors. Recent trading data reveals the extent of this volatility, with price movements exceeding 60% within 24-hour periods in some instances.

The price volatility can be observed in the projected monthly performance for the remainder of 2025:

| Month | Price Range | Average Price | Potential ROI | |-------|-------------|--------------|--------------| | October | $36.04 - $44.48 | $40.26 | 24.6% | | November | Not specified | Not specified | Not specified | | Overall 2025 | $20.07 - $52.80 | $48.91 | Variable |

This substantial price movement can be attributed to several factors, including the growing adoption of decentralized oracle services and increasing demand for high-quality off-chain data solutions. Market analysts tracking TRB have noted a concerning decline of 4,534.57% from its value one year prior, raising questions about long-term sustainability despite short-term rallies. For investors considering TRB in their portfolios, the current market capitalization reflects a relatively established project, but the extreme price volatility necessitates careful risk management strategies and thorough due diligence before making investment decisions.