TRB Sees 8.56% Price Drop After 57% Weekly Surge Driven by Palmito Testnet Upgrade

TRB (Tellor) is currently trading at $48.63 with a 24-hour trading volume of $245.7 million, a market capitalization of $128.9 million, and a 24-hour price decline of 8.56%. The recent price drop follows a period of strong bullish momentum, including a 57% weekly surge attributed to the May 22 Palmito testnet upgrade and increased DeFi partnerships, which drove significant trading activity and large withdrawals from exchanges by major holders. The current correction reflects profit-taking and volatility after these rapid gains, with analysts expecting continued price fluctuations in the near term.