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Whale who received $1.61 million airdrop from VIRTUAL earlier sells off at a loss of $6.54 million
Summary: According to on-chain analyst Yu Jin, a whale/institution who previously purchased 4.251 million VIRTUAL with 10 million USDC at an average price of $2.35, and received a 161,000 VVV airdrop, ultimately incurred a loss of $6.54 million. The timeline of events is as follows: In December last year, they spent 10 million USDC to purchase ...
According to on-chain analyst Yu Jin, a whale/institution who previously purchased 4.251 million VIRTUAL with 10 million USDC at an average price of $2.35, and received a 161,000 VVV airdrop, ultimately incurred a loss of $6.54 million. The timeline of events is as follows: In December last year, they spent 10 million USDC to purchase 4.251 million VIRTUAL at an average price of $2.35; In January, they received 101,000 VVV airdropped due to holding a large amount of VIRTUAL, which they then sold for 1.61 million USDC; In March, they sold off their 4.251 million VIRTUAL at an average price of $0.56. Today, they emptied their address and transferred 3.46 million USDC to Coinbase.
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Link: Whale who received $1.61 million airdrop from VIRTUAL earlier sells off at a loss of $6.54 million [Copy]
