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Spot On Chain: TRB whales liquidate their token holdings by pumping up sell-off cycles

Spot On Chain: TRB whales liquidate their token holdings by pumping up sell-off cycles

CointimeCointime2023/12/29 05:36
By:Cointime

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.

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