blockchainreporter.net
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.
Yesterday, a whale sold all its $VIRTUAL, booking a loss of $4.46M.
— Onchain Lens (@OnchainLens) February 10, 2025
The whale had accumulated 4.88M $VIRTUAL for $9.86M $USDT just 13 days ago.
Yesterday, the whale sold all the $VIRTUAL for $5.39M in $USDC and $DAI, resulting in a loss of $4.46M.
Address:… https://t.co/9236Q2j7kp pic.twitter.com/ZHAoneSvFS
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.