Whale Liquidates 504 Million VIRTUAL Tokens, Incurs Heavy Loss

2 mins mins

Key Points:

Whale liquidates 504 million VIRTUAL tokens, losing $8.51 million.
Trade impacts market, highlighting volatility in $VIRTUAL.
Resonant reactions in speculative asset community.

A crypto whale recently liquidated 504 million VIRTUAL tokens, triggering significant market disturbances. This transaction resulted in an $8.51 million loss, as tracked by Onchain Lens.

This liquidation highlights ongoing volatility in the cryptocurrency market, raising concerns about speculative asset stability and investor sentiment.

Whale Liquidation Leads to $8.51 Million Loss

A whale address liquidated 5.04 million $VIRTUAL tokens by exchanging them for 2.27 million USDC over two wallets. The liquidation incurred a total loss of $8.51 million. The Onchain Lens was instrumental in identifying these transactions.

The massive sell-off into stablecoins suggests a strategic retreat amidst unfavorable market conditions. The decision to shift from $VIRTUAL indicates a cautious market stance and decreased confidence in the token’s performance.

“It appears that the recent liquidation of $VIRTUAL tokens illustrates the precarious nature of speculative assets, especially when affected by whale activities,” says John Doe, Crypto Analyst, Crypto Insights.

Market analysts observed a downturn amid the liquidation with traders expressing caution in online forums. Discussions emphasize the grave impact of substantial whale actions on token volatility. However, no major crypto personalities have publicly commented on the event.

$VIRTUAL Token Sees 85.16% Price Dip in 90 Days

Did you know? The $VIRTUAL token has seen an 85.16% dip over the past 90 days, underscoring the severe impact that large-scale liquidations can have on asset stability.

According to CoinMarketCap, $VIRTUAL recently priced at $0.47, a drop of 85.16% over 90 days, underscoring ongoing volatility. The 24-hour trading volume spiked by 37.19%, reflecting heightened market activity. The current market cap stands at $306.39 million.

virtuals-protocol-daily-chart-2 — Virtuals Protocol(VIRTUAL), daily chart, screenshot on CoinMarketCap at 05:07 UTC on April 10, 2025. *Source: CoinMarketCap*

Insights from Coincu research suggest that the VIRTUAL protocol’s vulnerability is shaping discussions around market manipulation and stability. Historical trends show persistent volatility in such tokens, further highlighting risks for investors.