Whale Dumps $9.86 Million VIRTUAL Tokens at a Loss of $4.46 Million

Virtuals Protocol (Virtual) is gaining significant attention from market participants due to its downtrends. Today, as per data reported by crypto analyst Onchain Lens

A crypto whale has sold all of their VIRTUAL tokens at a loss, according to data from crypto analytics firm Onchain Lens.

The whale sold 4.88 million VIRTUAL tokens for $5.39 million in USDC and DAI, booking a loss of $4.46 million. The whale had purchased the tokens 13 days prior for $9.86 million USDT.

It appears that the whale had set a stop loss, which triggered the sale of all of their VIRTUAL tokens at a loss. This may have been due to the continued decline in the price of VIRTUAL, which fell below the investor’s expectations.

At press time, Virtuals Protocol price is trading at $1.18, having seen a 11.9% price drop over the past week.

The price of VIRTUAL has attracted attention due to its downtrends. However, the broader crypto market also experienced declines, which may have impacted VIRTUAL’s price.

Over the past week, most crypto prices, including BTC and ETH, have seen significant falls amid macroeconomic fears and bearish investor sentiment.

Earlier this month, VIRTUAL’s price jumped 28% to trade at $2.26 following its listing on Upbit for multiple trading pairs denominated in KRW, BTC, and USDT.

After the listing, the asset went on to suffer a 11.9% decrease, making it one of the most affected AI tokens.

Other major competitors like AIXBT and AR have suffered relatively similar losses, 12.5%, and 11.8% respectively.

On a more optimistic perspective, VIRTUAL’s price has experienced a 6955.5% surge over the past 12 months.

This showcases the growth potential associated with the AI agent and also reflects increased buying interest from investors who are looking for long-term returns.

From this context, VIRTUAL’s performance is unique, highlighting the market rallies associated with the wider crypto AI agent narrative.