#OnChainInsghts Recent on-chain data reveals notable trading activity by a major whale in the Virtuals Protocol (VIRTUAL) ecosystem. Initially, the investor acquired approximately 4.88 million VIRTUAL tokens for $9.86 million, averaging $2.02 per token. However, within just 13 days, they exited their entire position, selling for $5.39 million in USDC and DAI, locking in a $4.46 million loss.

Despite this significant loss, the whale has re-entered the market, showing renewed confidence in VIRTUAL. They invested 419 ETH (around $1.14 million) to purchase 1.049 million VIRTUAL tokens at an average price of $1.09 per token.

This case highlights the high volatility of crypto markets and the strategic repositioning by large investors aiming to optimize their holdings.