- Recent on-chain data reveals that some crypto whales have made substantial profit sales following a recent surge.
- According to data provided by crypto data platform Spot On Chain, eight whales have made a profit sale following an extraordinary surge of a particular altcoin.
- Analysts add that these whales bought the said TRB tokens via Coinbase at the beginning of March at a rate of $80.2 and sold approximately 82,849 TRB assets at an average of $123, thus making a profit of 53.6% after two months.
Discover how some crypto whales have made substantial profit sales following a recent surge, with data provided by Spot On Chain revealing the details of this extraordinary event.
Crypto Whales Make Profit Sales Following Surge
Recent on-chain data has revealed that some crypto whales have made substantial profit sales following a recent surge. According to data provided by crypto data platform Spot On Chain, eight whales have made a profit sale following an extraordinary surge of a particular altcoin, Tellor (TRB). Over the past week, TRB has experienced an almost 100% surge, leading these eight whales to make a profit sale of $3.56 million.
Details of the Profit Sale
Analysts have provided further details on this event. These whales bought the said TRB tokens via Coinbase at the beginning of March at a rate of $80.2. They then sold approximately 82,849 TRB assets at an average of $123, thus making a profit of 53.6% after two months. At the time of writing, the TRB price is trading at $133.
TRB’s Frequent Speculative Price Fluctuations
TRB is an altcoin that often makes headlines due to its speculative price drops and increases. Recently, market maker company DWF Labs founder Andrei Grachev, who was accused of market manipulation by Binance, often made posts implying the TRB price.
Conclusion
This recent event highlights the potential for substantial profit in the crypto market, with these eight whales making a 53.6% profit after just two months. However, it’s important to note that the crypto market is highly volatile and investments should be made cautiously.
