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Whale Returns: $11M Bet on VIRTUAL After $5M Loss

Coin WorldThursday, Feb 20, 2025 9:12 pm ET

1min read

An address that had once lost $5 million in VIRTUAL is now buying VIRTUAL again, according to on-chain data. The address, which had previously suffered a significant loss, has started to accumulate the virtual currency once again.

The address, which had lost $5.02 million (-36%) on VIRTUAL at the beginning of the month, began buying VIRTUAL again 3 hours ago. The address transferred 4,006 ETH (about $10.9 million) to a new address and has already spent 419 ETH (about $1.14 million) to buy 1,049,000 VIRTUAL at an average price of $1.09.

It is reported that the address had previously spent $13.91 million to bottom-fish buy 5,038,000 VIRTUAL at an average price of $2.76. Later, it sold at $1.76, resulting in a loss of $5.02 million.

The address's recent activity suggests a renewed interest in VIRTUAL, despite the previous loss. The market will be watching to see if this whale's actions signal a broader trend in the virtual currency market.

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