It's really quite ridiculous.

Previously, the whale that received a $1.61 million airdrop of VIRTUAL still lost $6.54 million after liquidating.

According to on-chain analyst Yu Jin's monitoring, a whale/institution previously purchased VIRTUAL with 10 million USDC, and despite receiving an airdrop worth $1.61 million in VVV, ultimately lost $6.54 million. The operation process is as follows:

In December last year, spent 10 million USDC to buy 4.251 million VIRTUAL at an average price of $2.35;

In January, he received an airdrop of 101,000 VVV due to holding a large amount of VIRTUAL, and subsequently sold the airdrop for 1.61 million USDC;

In March, 4.251 million VIRTUAL was liquidated at an average price of $0.56. Today, he cleared his address and transferred 3.46 million USDC to the exchange. $SOL