Whale Liquidation of $VIRTUAL Tokens Triggers Significant Market Drop

A recent cryptocurrency whale transaction has sent shockwaves through the market, impacting the price of the $VIRTUAL token and raising concerns about speculative asset stability. This massive liquidation action resulted in a loss of over $8.51 million for the trader, prompting swift market reactions. 504 million VIRTUAL tokens were sold by the whale, leading to a steep decline of 85.16% in price over the last 90 days. Onchain Lens provided insights into the transaction details. 2.27 million USDC was exchanged for the $VIRTUAL tokens after the initial liquidation, signaling a strategic shift away from the asset. 85.16% of the token’s value has been lost in less than three months, highlighting the volatility inherent to speculative assets.