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Whales Fuel $VIRTUAL’s Meteoric Rise Amid Bullish Momentum
The post Whales Fuel $VIRTUAL’s Meteoric Rise Amid Bullish Momentum appeared on BitcoinEthereumNews.com. The Virtuals Protocol’s native token, $VIRTUAL, has seen an extraordinary surge in whale activity over the past three days. Four large investors have collectively purchased a staggering 5.87 million $VIRTUAL tokens, valued at $7.46 million. This influx of capital has further catalyzed the token’s price rally, underscoring its growing appeal within the decentralized finance (DeFi) space. In the past 3 days, 4 whales bought 5.87M $VIRTUAL($7.46M). #VIRTUAL 0xF973…0798 spent $1.47M to buy 1.91M $VIRTUAL at $0.77. 0x015C…A631 spent $1.71M to buy 1.55M $VIRTUAL at $1.1. 0x696B…6Ca5 spent $1.08M to buy 1.21M $VIRTUAL at $0.89. 0xe7CE…241B spent $1.09M to… pic.twitter.com/f4vXFSzLzN — Lookonchain (@lookonchain) November 29, 2024 According to Data from on-chain, transactions reveal strategic purchases by high-net-worth investors. One wallet, identified as 0xF973…0798, invested $1.47 million to acquire 1.91 million $VIRTUAL at an average price of $0.77. Another address, 0x015C…A631, spent $1.71 million to secure 1.55 million tokens at $1.10 per unit. Similarly, 0x696B…6Ca5 purchased 1.21 million tokens for $1.08 million at $0.89 per token, while 0xe7CE…241B added 1.20 million tokens for $1.09 million, averaging $0.91 each. These coordinated acquisitions reflect a deliberate strategy of accumulation, with whales positioning themselves to benefit from the token’s upward momentum. $VIRTUAL Skyrockets Amid Rising Demand and DeFi Innovation The whale activity has directly contributed to $VIRTUAL’s explosive price growth. Over the past 24 hours, the token has surged by 41.6%, climbing to $1.27 with a peak of $1.41 during the trading session. Trading volumes exceeded $217 million, further highlighting the heightened interest in the asset. The token’s market capitalization has now surpassed $1.4 billion, driven by both institutional and retail enthusiasm. This market activity is supported by significant transactions on Aerodrome V3, where whales have exchanged large amounts of Ethereum (ETH) for $VIRTUAL. One notable swap involved 28 ETH ($100,329) in return for 70,775…
The post Whales Fuel $VIRTUAL’s Meteoric Rise Amid Bullish Momentum appeared on BitcoinEthereumNews.com.
The Virtuals Protocol’s native token, $VIRTUAL, has seen an extraordinary surge in whale activity over the past three days. Four large investors have collectively purchased a staggering 5.87 million $VIRTUAL tokens, valued at $7.46 million. This influx of capital has further catalyzed the token’s price rally, underscoring its growing appeal within the decentralized finance (DeFi) space. In the past 3 days, 4 whales bought 5.87M $VIRTUAL($7.46M). #VIRTUAL 0xF973…0798 spent $1.47M to buy 1.91M $VIRTUAL at $0.77. 0x015C…A631 spent $1.71M to buy 1.55M $VIRTUAL at $1.1. 0x696B…6Ca5 spent $1.08M to buy 1.21M $VIRTUAL at $0.89. 0xe7CE…241B spent $1.09M to… pic.twitter.com/f4vXFSzLzN — Lookonchain (@lookonchain) November 29, 2024 According to Data from on-chain, transactions reveal strategic purchases by high-net-worth investors. One wallet, identified as 0xF973…0798, invested $1.47 million to acquire 1.91 million $VIRTUAL at an average price of $0.77. Another address, 0x015C…A631, spent $1.71 million to secure 1.55 million tokens at $1.10 per unit. Similarly, 0x696B…6Ca5 purchased 1.21 million tokens for $1.08 million at $0.89 per token, while 0xe7CE…241B added 1.20 million tokens for $1.09 million, averaging $0.91 each. These coordinated acquisitions reflect a deliberate strategy of accumulation, with whales positioning themselves to benefit from the token’s upward momentum. $VIRTUAL Skyrockets Amid Rising Demand and DeFi Innovation The whale activity has directly contributed to $VIRTUAL’s explosive price growth. Over the past 24 hours, the token has surged by 41.6%, climbing to $1.27 with a peak of $1.41 during the trading session. Trading volumes exceeded $217 million, further highlighting the heightened interest in the asset. The token’s market capitalization has now surpassed $1.4 billion, driven by both institutional and retail enthusiasm. This market activity is supported by significant transactions on Aerodrome V3, where whales have exchanged large amounts of Ethereum (ETH) for $VIRTUAL. One notable swap involved 28 ETH ($100,329) in return for 70,775…
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