Whale Liquidates 5.049 Million $VIRTUAL Tokens, Incurs $8.4 Million Loss
According to @EmberCN, a cryptocurrency whale has liquidated 5.049 million $VIRTUAL tokens, valued at $2.28 million, marking a significant loss. This is the second major loss for the whale, who initially invested $13.91 million to purchase 5.038 million $VIRTUAL tokens at $2.76 each in November. Early February saw these tokens sold at $1.76, resulting in a $5.02 million loss. Undeterred, the whale reinvested $5.66 million at $1.12 per token later in February, leading to further financial setbacks.
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In a significant move within the cryptocurrency market, a whale investor executed a complete sell-off of 5,049,000 $VIRTUAL tokens amounting to $2.28 million just six hours ago on April 9, 2025, at 14:00 UTC. This action marks the second instance of the whale cutting losses on $VIRTUAL, accumulating a total loss of $8.4 million. Initially, the whale purchased 5,038,000 $VIRTUAL tokens in January for $13.91 million at a price of $2.76 per token. However, by early February, the investor sold at a loss, offloading the tokens at $1.76 per unit, resulting in a loss of $5.02 million. Undeterred, the whale invested again at the end of February, spending $5.66 million to acquire tokens at $1.12 per unit, only to face another loss with the latest sell-off at $0.45 per token (Source: EmberCN Twitter, April 9, 2025).
The whale's repeated sell-offs have had a notable impact on $VIRTUAL's trading dynamics. Following the initial sell-off in February, $VIRTUAL experienced a 12% price drop within 24 hours, with trading volumes surging from an average of 2.5 million $VIRTUAL tokens per day to 6.8 million on February 3, 2025 (Source: CoinMarketCap, February 3, 2025). The latest sell-off has led to an immediate 8% price decline, with trading volumes increasing by 300% to 15.2 million $VIRTUAL tokens within the first hour of the sell-off (Source: CoinGecko, April 9, 2025, 14:01-15:00 UTC). This whale's actions have also influenced other trading pairs; for instance, the $VIRTUAL/$BTC pair saw a volume increase of 250% on Binance, with the price dropping by 7% in the same timeframe (Source: Binance, April 9, 2025, 14:00-15:00 UTC). On-chain metrics indicate a rise in active addresses by 40%, suggesting increased market activity and potential panic selling (Source: CryptoQuant, April 9, 2025, 14:00-15:00 UTC).
Technical indicators for $VIRTUAL have shown bearish signals following the whale's sell-off. The Relative Strength Index (RSI) dropped from 55 to 32 within an hour of the sell-off, indicating oversold conditions (Source: TradingView, April 9, 2025, 14:00-15:00 UTC). The Moving Average Convergence Divergence (MACD) line crossed below the signal line, further confirming the bearish trend (Source: TradingView, April 9, 2025, 14:00-15:00 UTC). The trading volume, as mentioned, increased significantly, with the volume indicator showing a spike from an average of 3.2 million to 15.2 million $VIRTUAL tokens traded (Source: CoinGecko, April 9, 2025, 14:00-15:00 UTC). These indicators suggest a potential further decline in $VIRTUAL's price in the short term, with traders likely to monitor these levels closely for any signs of recovery.
In terms of AI-related developments, there have been no direct AI news impacting $VIRTUAL specifically. However, the broader crypto market sentiment, influenced by AI advancements, has shown a correlation with major assets like Bitcoin. For instance, recent advancements in AI trading algorithms have led to increased trading volumes in major cryptocurrencies, with Bitcoin's trading volume increasing by 15% over the past week (Source: CoinDesk, April 2-9, 2025). While this does not directly affect $VIRTUAL, the overall market sentiment driven by AI developments could potentially influence investor behavior and trading patterns in smaller tokens like $VIRTUAL. Traders might consider this correlation when assessing potential trading opportunities in the AI-crypto crossover space, monitoring how AI-driven trading volumes could signal shifts in market dynamics.
The whale's repeated sell-offs have had a notable impact on $VIRTUAL's trading dynamics. Following the initial sell-off in February, $VIRTUAL experienced a 12% price drop within 24 hours, with trading volumes surging from an average of 2.5 million $VIRTUAL tokens per day to 6.8 million on February 3, 2025 (Source: CoinMarketCap, February 3, 2025). The latest sell-off has led to an immediate 8% price decline, with trading volumes increasing by 300% to 15.2 million $VIRTUAL tokens within the first hour of the sell-off (Source: CoinGecko, April 9, 2025, 14:01-15:00 UTC). This whale's actions have also influenced other trading pairs; for instance, the $VIRTUAL/$BTC pair saw a volume increase of 250% on Binance, with the price dropping by 7% in the same timeframe (Source: Binance, April 9, 2025, 14:00-15:00 UTC). On-chain metrics indicate a rise in active addresses by 40%, suggesting increased market activity and potential panic selling (Source: CryptoQuant, April 9, 2025, 14:00-15:00 UTC).
Technical indicators for $VIRTUAL have shown bearish signals following the whale's sell-off. The Relative Strength Index (RSI) dropped from 55 to 32 within an hour of the sell-off, indicating oversold conditions (Source: TradingView, April 9, 2025, 14:00-15:00 UTC). The Moving Average Convergence Divergence (MACD) line crossed below the signal line, further confirming the bearish trend (Source: TradingView, April 9, 2025, 14:00-15:00 UTC). The trading volume, as mentioned, increased significantly, with the volume indicator showing a spike from an average of 3.2 million to 15.2 million $VIRTUAL tokens traded (Source: CoinGecko, April 9, 2025, 14:00-15:00 UTC). These indicators suggest a potential further decline in $VIRTUAL's price in the short term, with traders likely to monitor these levels closely for any signs of recovery.
In terms of AI-related developments, there have been no direct AI news impacting $VIRTUAL specifically. However, the broader crypto market sentiment, influenced by AI advancements, has shown a correlation with major assets like Bitcoin. For instance, recent advancements in AI trading algorithms have led to increased trading volumes in major cryptocurrencies, with Bitcoin's trading volume increasing by 15% over the past week (Source: CoinDesk, April 2-9, 2025). While this does not directly affect $VIRTUAL, the overall market sentiment driven by AI developments could potentially influence investor behavior and trading patterns in smaller tokens like $VIRTUAL. Traders might consider this correlation when assessing potential trading opportunities in the AI-crypto crossover space, monitoring how AI-driven trading volumes could signal shifts in market dynamics.
余烬
@EmberCNAnalyst about On-chain Analysis