TechFlow news, Spot On Chain said on X that out of 2.5 million TRB tokens, approximately 1.7 million are on exchanges, while 660,000 are held by 20 whales (accounting for about 95% of the supply). Over the past two months, these whales have been gradually depositing their tokens into exchanges, creating a pump-and-dump cycle to liquidate their holdings.
Since the majority of tokens are still controlled by whales, they remain in control of the market. Prices could experience sharp rallies to squeeze out short positions, followed by aggressive sell-offs to liquidate their holdings.
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