Spot On Chain: TRB whales liquidate their token holdings by pumping up sell-off cycles
Spot On Chain stated that out of 2.5 million TRB, approximately 1.7 million are on exchanges, and 660,000 are held by 20 whales (about 95% of the tokens). Over the past two months, whales have slowly been depositing their tokens into exchanges, creating a cycle of buying high and selling low to liquidate their holdings.Since most of the tokens are still in the hands of whales, they control the game. The price may experience a significant increase to clear short positions and hard selling to liquidate their holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Elderglade And Spintop Partner to Bring Retro PvPvE and Web3 Tools Together
Cryptocurrency Market Today: BTC, XRP, and AIXBT Lead Recovery Ahead of US CPI Inflation Data
XRP Price Prediction For January 15
SEC’s Gensler Sues Elon Musk Over Delayed Twitter Stake Disclosure, Days Before Resignation