Amber Group's $3M VIRTUAL Deposit Sparks 40% Surge on Bybit

Amber Group, a prominent liquidity provider in the cryptocurrency market, recently deposited 3.49 million VIRTUAL tokens to Bybit, valued at approximately $3.04 million. This significant transaction, monitored by AI agent, occurred 12 hours prior to the report.

Following the deposit, the price of VIRTUAL experienced a short-term surge of 40.5%, reaching a high of $1.2236 from $0.871. However, the price subsequently declined continuously for 7 hours and is currently trading at $0.8529.

The impact of this transaction on the broader cryptocurrency market remains to be seen. As the market continues to evolve, investors and traders alike will be watching for further developments and potential trends that may emerge from this significant deposit.