Virtuals Protocol (Virtual) is gaining significant attention from market participants due to its downtrends. Today, as per data reported by crypto analyst Onchain Lens, a whale sold all his VIRTUAL tokens.
Whale offloads $9.86 million VIRTUAL
According to data shared by Onchain Lens, the whale sold all its VIRTUAL tokens, making a loss of $4.46 million. This whale had bought 4.88 million VIRTUAL tokens for $9.86 million USDT, 13 days ago (on January 29 or 28) at an average price of $2.02 for each token.
Yesterday, he sold all the VIRTUAL coins for $5.39 million in USDC and DAI at an average price of $1.11, resulting in a loss of $4.46 million.
It appears things did not go as the investor expected and the asset’s price continued to drop. He, therefore, took precautionary measures and applied a stop loss, selling all of his coins with a loss of $4.46 million.
VIRTUAL price analysis
At press time, Virtuals Protocol price is trading at $1.18. However, the token has witnessed a price drop of 11.9% over the past week.
Despite being supported by the rising trend around crypto AI agents, the VIRTUAL price’s decline seems to have been triggered by the recent drop in the broader crypto market. Over the previous week, most crypto prices, including BTC and ETH, experienced significant falls amid macroeconomic fears and bearish investor sentiment.
Earlier this month, VIRTUAL’s price jumped 28% to trade at $2.26 following its listing on Upbit for multiple trading pairs denominated in KRW, BTC, and USDT.
Since then, the asset has suffered an 11.9% decrease, placing it among the most affected AI tokens. Other major competitors like AIXBT and AR have suffered relatively similar losses, 12.5%, and 11.8% respectively.
On a more optimistic perspective, VIRTUAL’s price has experienced a 6955.5% surge over the past 12 months. This signals growth potential associated with the AI agent and also reflects increased buying interest from investors looking for long-term returns. From this context, VIRTUAL’s performance is excellent and special, highlighting market rallies associated with the wider crypto AI agent narrative.
