While whales attracted attention with the altcoins they invested in, Lookonchain warned investors that whales could dump in an altcoin.
Accordingly, Lookonchain said that seven wallets have received 332,712 TRBs worth a total of $ 20.64 million from Binance since September and hold 13.11% of the supply.
While the total TRB profits of these addresses exceeded $10 million, Lookonchain warned investors that whales could dump TRB to take their profits at any time.
Additionally, Lookonchain stated that a new wallet received 18,296 TRB worth $1.14 million from Binance during the day.
Pointing out that the TRB price has increased by 550% since August 25, Lookonchain said: “If you want to short TRB, you should pay attention to these whale addresses.” said.
“A new wallet received 18,296 TRB worth $1.14 million from Binance during the day.
TRB price has increased by 550% since August 25. If you want to short TRB, you should pay attention to these whale addresses.
Seven wallets have received 332,712 TRBs worth a total of $20.64 million from Binance since September and still have not sold them. These wallets hold 13.11% of the supply.
The total profits of these addresses in TRB exceed $10 million, and whales can dump TRB to take their profits whenever they want.”
Finally, Lookonchain said that one whale currently holds 21.26% of the total supply of 539,746 TRB worth $33.88 million in three wallets.
At this point, Lookonchain stated that the purchase cost of the whale was 22 dollars and its current profit exceeded 14.5 million dollars, and warned that this whale could sell its TRB at any time to make a profit.
TRB, which has increased by approximately 12% in the last 24 hours, continues to be traded at $ 68.2 at the time of writing.
*This is not investment advice.