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Giant Whale Panicked on This Altcoin: Loses Big

Giant Whale Panicked on This Altcoin: Loses Big

BitcoinsistemiBitcoinsistemi2025/02/02 08:44
By:Mete Demiralp

According to cryptocurrency onchain data, a crypto whale sold all of the altcoins he panicked and suffered a huge loss.

According to cryptocurrency onchain data, a major whale appears to have suffered significant losses in an altcoin.

According to the data, 2 hours ago, the crypto whale sold approximately 5 million VIRTUAL tokens in the Virtuals Protocol (VIRTUAL) altcoin for $8.88 million at an average price of $1.76, losing a total of $5.2 million, or 36%.

The crypto whale in question had accumulated these VIRTUAL tokens between January 19 and January 27, when the altcoin experienced a price pullback, and paid a total of $13.91 million.

Related News Analytics Company Put Forwarded New Argument: “Whales May Be Preparing For Entry In This Altcoin”

However, things did not go as the whale wanted and the VIRTUAL price continued to fall. The whale then took precautions and applied a stop loss, selling all of its tokens with a loss of $5.02 million, or 36%.

At the time of writing, the token is trading at $1.74. However, it is also noteworthy that it has experienced a significant drop of 32% in the last week. VIRTUALS, which is not traded on Binance, is available on the spot market on Bybit and Upbit.

*This is not investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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