The VIRTUAL whale that previously received a $1.61 million airdrop sold its positions but still lost $6.54 million
6 hours ago
Odaily News According to the monitoring of on-chain analyst Yu Jin, a whale/institution that previously used 10 million USDC to purchase VIRTUAL eventually lost $6.54 million after receiving a VVV airdrop worth $1.61 million. The operation process is as follows: In December last year, he spent 10 million USDC to purchase 4.251 million VIRTUAL at an average price of $2.35; In January, he received an airdrop of 101,000 VVVs due to holding a large amount of VIRTUAL, and then sold the airdrop in exchange for 1.61 million USDC; In March, 4.251 million VIRTUALs were sold at an average price of $0.56. Today, he cleared the address and transferred 3.46 million USDC to Coinbase.
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