Virtual Whale's $5M Loss: Selling 5M Tokens at 36% Discount

A certain VIRTUAL Whale sold 5,038,000 VIRTUAL tokens 2 hours ago, resulting in a loss of $5,020,000.

According to on-chain data, a VIRTUAL whale sold 5,038,000 VIRTUAL tokens at a loss of $5,020,000, exchanging them for 8,889,000 USDT. The whale incurred a loss of approximately 36% on the transaction.

The whale initially purchased the VIRTUAL tokens during a pullback period from January 19th to January 27th, spending a total of $13.91 million to buy 5,038,000 VIRTUAL at an average price of $2.76. As the price of VIRTUAL continued to fall, the whale decided to stop loss and sold all 5,038,000 VIRTUAL at a price of $1.76, resulting in a loss of $5,020,000.