TRB Surges 28% After Palmito Testnet Upgrade, Trading Volume Tops $567M Amid Volatility

Tellor (TRB) is currently trading at $63.41, up 27.95% over the past 24 hours with a 24-hour opening price of $49.56 and a trading volume exceeding $567 million, reflecting strong market activity and a significant price increase. The recent price surge is primarily attributed to the successful upgrade of Tellor’s 'Palmito' testnet on May 22, 2025, which has driven heightened investor interest and trading activity, further amplified by increased media coverage and TRB’s trending status on major platforms. Additionally, technical indicators such as an oversold RSI on the 4-hour chart and notable long liquidations on TRBUSDT futures have contributed to short-term volatility and accelerated price movements.