Key Points:
Nine hours ago, multiple addresses executed substantial TRB withdrawals from Binance on September 14, with a total transfer of 145,156 TRB, equivalent to a staggering $4.06 million. This coincided with a notable drop in TRB’s price, plummeting from $36 to $27 within the same timeframe, representing a 25% decrease.
Breaking down the transactions, EmberCN reported that 75,935 TRB originated from addresses that previously withdrew substantial amounts from Binance on September 14. Additionally, 69,221 TRB was transferred from OKX to Binance.
Remarkably, three addresses still hold 566,920 TRB, valued at $15.3 million, constituting 23% of the total TRB supply.
Additionally, on September 14, three newly created addresses withdrew 108,372 TRB, amounting to $3.49 million, from Binance:
These addresses collectively hold 733,000 TRB, valued at $23.45 million, representing 29% of the total TRB supply.
Notably, one address managed to withdraw a net total of 489,000 TRB ($15.65 million) from Binance and OKX between August 30 and September 14. This accounts for 19% of the total supply and positions it as the second-largest address, following the Binance wallet.
The correlation between this address’s actions and the TRB price increase from $14 to $32 over the same period is intriguing, raising questions about its potential impact on TRB’s market value.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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