According to Jinse Finance, on-chain analyst Yujin has monitored that a certain VIRTUAL investor/institution address (0x0d3...5fa2) transferred 7.958 million VIRTUAL (worth $13.45 million) to the institutional service platform Teneo 8 hours ago. This address obtained 26.42 million VIRTUAL through investment in December 2023, and has now transferred out all tokens at an average price of $1.54, with a total value of $40.83 million. Platforms such as Arkham and Nansen have previously labeled this address as DeFiance Capital, but the CEO of DeFiance Capital has stated that this label is incorrect.