A few days ago, the online data tracking platform Spot On Chain issued a warning that TRB is a highly concentrated token. Out of the 2.5 million TRB tokens in circulation, approximately 1.7 million are traded on various exchanges, while 660,000 are held by 20 whale addresses, accounting for as much as 95% of the token’s liquidity on the chain.
How did market manipulation by giant whales lead to a $80 million explosion and subsequent 139% surge and 70% drop in TRB in just one day?