↑↑ Yesterday, I told my student to buy; he thought it was a coin controlled by a big player and didn't dare to buy. The result was as follows:

Those with execution power come to my homepage to find me.


The magical narrative from $10 to $75 million

In December 2024, an anonymous investor shared a trading screenshot in a Telegram group: buying TRB at $10 and cashing out at $619 two months later, netting $75 million—this is not a movie plot, but a real 'mythical coin legend' playing out in the cryptocurrency market. When the price of TRB surged by 6090% between July and December 2023, countless retail investors, holding onto the fantasy of 'the next SHIB', flooded in but faced a 60% flash crash on New Year's Eve, with a single-day liquidation amount exceeding $71.68 million. This absurd drama, interwoven with millions in wealth and billions in liquidation, unveiled the bloody veil of TRB as the 'King of Mythical Coins'.

The secret to TRB's wealth: market control, narrative, and liquidity traps

❶ A 'big player game' with highly concentrated chips

The circulating supply of TRB is only 2.598 million, of which 660,000 are concentrated in the hands of 20 major whale wallets. In August 2023, these wallets made purchases at an average price of $15, subsequently creating the illusion of a surge through a three-step process of 'pump - wash trading - dumping':

  • During the pump phase: In December 2023, the price of TRB soared from $100 to $619, with the spot and contract price difference on exchanges reaching 40%, attracting retail investors to chase the highs;

  • Wash trading trap: Big players simulated 'institutional buying' through 100 small accounts, creating false trading volume on DEXs like Uniswap, raising the price by 80% in a single day;

  • Dumping and harvesting: When retail investors' leveraged positions surged, the big players suddenly sold off, causing the price to plummet by 25% within 2 hours, resulting in a total liquidation of $55.48 million across the network.

    TRB Warrior Monument

❷ The value bubble under the narrative of the 'Oracle Revolution'

Tellor, as a decentralized oracle, has its core value in providing off-chain data for DeFi protocols. However, TRB's surge is severely decoupled from its technological practicality:

  • Concept packaging: The team claims that 'the higher the value of TRB, the higher the cost of attacks, and the safer the data', forcibly linking the token price with protocol security, creating a logical closed loop of 'price equals justice';

  • Parasitizing the DeFi ecosystem: During the DeFi summer of 2020, Tellor deployed the oracle Tellor Too on the Matic chain, riding the cross-chain narrative, but the actual number of DeFi projects served was very few, with daily data requests falling below a thousand;

  • Governance loopholes: The development team holds 90,000 TRB (accounting for 5.7% of the circulating supply) and has not fully decentralized, leading to ongoing community doubts about 'team price manipulation'.

❸ The 'meat grinder effect' of the contract market

The essence of TRB's wild price fluctuations is the zero-sum game among contract players:

  • High leverage speculation: On January 1, 2024, a trader shorted TRB with 50x leverage, profiting $2 million when the price plummeted from $593 to $200, but then was liquidated with a debt of $370,000 to the platform when the price rebounded to $400;

  • Funding rate harvesting: When the price of TRB continued to rise, the contract platform charged a funding rate of up to 2%, forcing some retail investors to close their positions due to inability to pay the fees, with daily revenue exceeding one million dollars.

After that night, both insiders and outsiders could see TRB everywhere in short videos; it really became a sensation.