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.
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.
