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The $VVV price has delivered a massive payday for whale 0x7378, but the rally is now showing signs of overheating. In just six months, the wallet made $14.93 million from $VVV and $LIT, turning aggressive buying into a substantial paper gain.
The whale bought 102,189 $VVV at $7.87 six months ago. After today’s surge, he sold 92,189 tokens for $2.37 million at $25.75 and still holds 10,000 $VVV worth around $259,500. The $VVV position alone has generated approximately $1.83 million in profit.
$VVV Price Rally Pushes Whale Profits Higher
The $LIT trade has been even more lucrative. Over the past three months, the wallet spent $11.3 million to buy 4.74 million $LIT at an average price of $2.39. That holding is now worth approximately $24.4 million, leaving the whale with a $13.1 million unrealized profit.
Still, the charts are becoming harder to ignore. Both $VVV/USD and $LIT/USD have posted impressive momentum on the daily timeframe, while their RSI readings have entered overheated territory. That doesn’t guarantee a reversal, but it leaves both tokens exposed if buyers lose control.
Short Liquidations Add Fuel To $VVV Rally
$VVV token has also seen heavy short liquidations during the past two days. Short traders dominated the latest figures, with approximately $4.02 million in liquidations over 24 hours.
$LIT crypto is facing a similar setup. Short liquidations reached $1.26 million today, again with shorts accounting for the larger share.
$VVV Price Faces Sharp Downside If Momentum Fades
If the $VVV price loses momentum, the token could fall toward $18 or even $10. $LIT price could face declines toward $4.34, $3.17, or $2.28 if selling pressure takes over.
For now, whale profits and short liquidations support the rally. But with RSI metric is overheated, the $VVV price may need a pause before attempting another sustained move higher.