#OnChainInsights #OnChainInsights Recent on-chain data reveals significant activity involving a major holder of Virtuals Protocol (VIRTUAL) tokens. This whale initially acquired approximately 4.88 million VIRTUAL tokens for $9.86 million, equating to an average price of $2.02 per token. However, within a span of 13 days, the investor liquidated their entire position, selling the tokens for $5.39 million in USDC and DAI, resulting in a substantial loss of $4.46 million.

Despite this setback, the same whale demonstrated renewed confidence in VIRTUAL by reinvesting. They allocated 419 ETH (approximately $1.14 million) to purchase an additional 1.049 million VIRTUAL tokens at an average price of $1.09 per token.

These transactions underscore the volatility inherent in the cryptocurrency market and highlight the strategic maneuvers employed by large investors to navigate such fluctuations.