Tellor Tributes crypto was first known for its crazy run in December 2023. Back then, it had one of the biggest high market cap utility coins. Later it appeared to be the best shorting opportunity. However, Tellor Tributes is pumping again now. Can it repeat?
Tellor
10.78%
Tellor
TRB
Price
$13.18
10.78% /24h
Volume in 24h
$16.85M
Price 7d
$TRB
Imagine if that wick gets filled. pic.twitter.com/ecbfKoXk05— PizzaMan (@CAPITANdeCRYPTO) May 27, 2025
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Tellor Tributes Crypto Catching Eyes Again
Tellor crypto is a decentralized oracle platform for DeFi. Which means it provides secure, off-chain data to smart contracts, especially for DeFi apps. For example, it can provide real-time asset prices for DeFi lending platforms.
Within a short time, TRB made a huge run from $78 to over $300 price range. At that point, Tellor’s market capitalization surged from 210M to over 850M. This event was a very quick pump and dump that became well known in the crypto space.
Later, this pump retreated heavily, and Tellor’s price has kept tanking ever since. Many people speculated that it was a pump-and-dump scheme. As well as market manipulation, despite the lack of real evidence.
However, Tellor has kept developing and expanding over the years. It’s one of the main real-time data providers in the crypto space. They released Palmito Testnet in April this year, which is a public testnet for their upcoming Layer 1 blockchain.
Recently, they made the 5.0.0 upgrade on the testnet. It included no-stake reporting, social forking compatibility, and vote extension keyring enforcement. These upgrades are focused on security, scalability, and letting anyone submit data without a bonded stake.
TRB Price Action And Predictions
TRB just broke through a major resistance at $40, which has been limiting its price for a while. TRB is currently at over $50, testing new, higher price ranges. Closing over these ranges might suggest a bullish change in market sentiment and could be a sign of another rally.
This bullish change is potentially driven by developments in the Tellor ecosystem, such as the Palmito Testnet. However, a drop back below could suggest that the rally was temporary and could lead to the same old quick drop story.
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Key Takeaways
- Tellor’s recent upgrades focus on security, scalability, and decentralized data submission.
- TRB’s price surge past $40 suggests potential bullish momentum or a temporary rally.
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