The cryptocurrency market has remained in a cautious phase through 2025, with many assets struggling to gain momentum. Yet, Tellor (TRB) has defied the odds, surging 135% to reach a peak of $35 in mid-September — a remarkable feat during an ongoing bear market. This unexpected rally has drawn attention from traders and analysts alike, sparking questions about the underlying forces fueling TRB’s momentum and whether it's sustainable.
Tellor is a decentralized oracle protocol designed to bridge real-world data with blockchain-based smart contracts. Unlike centralized data feeds, Tellor leverages a network of miners who stake TRB tokens to submit accurate off-chain information, ensuring reliability and censorship resistance. This infrastructure plays a critical role in DeFi, derivatives, and tokenized real-world asset (RWA) ecosystems.
But what’s driving such aggressive price action for a relatively niche oracle token?
Why Is Tellor (TRB) Rallying Now?
The timing of TRB’s rally coincides with broader industry developments in blockchain-based financial infrastructure. Notably, SWIFT — the global payments network — recently announced successful test runs using Chainlink’s oracle technology to tokenize traditional financial assets (TradFi) and bring them on-chain. While Chainlink was the direct partner, the news reignited investor interest in the entire oracle sector.
👉 Discover how decentralized oracles are reshaping finance — and why TRB might be next in line.
This cross-sector validation highlighted the growing demand for secure, reliable data oracles, indirectly benefiting alternative protocols like Tellor. As speculative capital flowed into oracle-related tokens, TRB emerged as a high-beta play — offering outsized returns due to its lower market cap and higher volatility compared to giants like Chainlink.
Short-Term Traders Are Fueling the Surge
On-chain analytics reveal that short-term speculators are the primary drivers behind the current price surge. Data from IntoTheBlock shows that wallets holding TRB for less than 30 days have increased their collective balance by over 2,096% in just one month — rising from 91,130 TRB on August 13 to 1.9 million TRB by September 13.
Meanwhile, long-term holders — often seen as indicators of fundamental confidence — have been steadily exiting positions. “Cruisers” (holders with 1–12 months of ownership) sold off 137,000 tokens, while “Long-term Holders” (over 1 year) offloaded 1.64 million TRB, suggesting profit-taking at higher levels.
This shift is starkly visible in ownership structure: short-term traders now control 75% of circulating supply, up from just 3.65% a month earlier. Such dominance indicates that the rally is being propelled more by momentum trading than organic adoption or protocol growth.
While speculative energy can drive rapid gains, it also increases downside risk. If short-term holders begin locking in profits simultaneously, a sharp correction could follow — especially without strong buy-side pressure from fundamentals-driven investors.
Declining Exchange Reserves Signal Potential for Further Gains
A key bullish signal comes from exchange outflows. Santiment data shows that TRB’s exchange reserves have dropped from 2.3 million to 1.5 million tokens since late August — a reduction of over 34%. This suggests that investors are moving their holdings into private wallets, reducing immediate sell-side pressure.
When tokens leave exchanges, they’re less likely to be sold quickly, which can contribute to supply scarcity in the open market. If demand remains steady or increases, this tightening supply could support further price appreciation.
👉 See how smart money moves off exchanges — and what it means for TRB’s next move.
However, this dynamic only holds if selling pressure doesn’t shift to peer-to-peer or decentralized platforms. For now, the decline in exchange supply offers a technical tailwind — but it's not a substitute for real network usage growth.
TRB Price Prediction: Key Levels to Watch
From an on-chain valuation perspective, the $20 level stands out as a major support zone. According to IOMAP (In/Out of the Money Around Price) analysis from IntoTheBlock, **553 addresses** purchased approximately **1.16 million TRB tokens** at an average price near $20. This creates a dense cluster of buyers who are now significantly in profit.
If a market correction occurs, these holders may defend the $20 zone by buying dips, creating a floor for price action. Additionally, low exchange reserves could amplify any rebound by limiting available sell orders.
On the upside, resistance looms around $42**, where 974 addresses hold about **78,500 TRB** bought at that average price. Should bulls overcome this sell wall — possibly triggered by broader market recovery or new protocol integrations — TRB could aim for **$50.
Yet, reaching that target depends on more than speculation. Sustained growth would require increased adoption of Tellor’s oracle services across DeFi platforms, RWA projects, or cross-chain applications.
Frequently Asked Questions (FAQ)
Q: What is Tellor (TRB)?
A: Tellor is a decentralized oracle protocol that allows smart contracts to access real-world data securely by incentivizing miners to report accurate information backed by staked TRB tokens.
Q: Why did TRB surge 135% in September 2025?
A: The rally was primarily driven by short-term speculation following increased interest in oracle networks after SWIFT’s tokenization trials with Chainlink. Low float and exchange outflows amplified momentum.
Q: Is TRB a good long-term investment?
A: While technically sound, TRB’s long-term potential depends on expanding its use cases and adoption beyond speculation. Investors should monitor on-chain activity and protocol integrations closely.
Q: Who is selling TRB during the rally?
A: Long-term holders and mid-term “cruisers” have been reducing their positions, indicating profit-taking. This contrasts with inflows from short-term traders seeking quick gains.
Q: Can TRB reach $50?
A: It’s possible if exchange reserves continue declining and new demand emerges from DeFi or RWA projects adopting Tellor’s oracle solution. However, resistance at $42 may slow upward momentum.
Q: What risks does TRB face?
A: High reliance on speculative trading makes TRB vulnerable to sharp corrections. Without growth in fundamental usage or developer activity, the price may struggle to sustain gains.
👉 Stay ahead of market shifts — track real-time on-chain metrics and trader behavior here.
Final Thoughts
Tellor’s 135% rally amid a stagnant crypto market underscores the power of sector-specific narratives and trader sentiment. While technical indicators suggest room for further upside — particularly if exchange reserves keep falling — the dominance of short-term holders raises concerns about sustainability.
For TRB to transition from a speculative play to a fundamentally strong asset, it needs greater integration into live blockchain applications, improved developer engagement, and stronger utility within the decentralized oracle ecosystem.
Until then, traders should remain cautious — watching both price action and on-chain behavior to anticipate the next move in this high-volatility market cycle.
Core Keywords: Tellor (TRB), decentralized oracle, crypto price rally, on-chain analysis, short-term traders, exchange reserves, real-world assets (RWA), TRB price prediction