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The VIRTUAL whale that previously received a $1.61 million airdrop has cut loss and closed all positions, still incurring a loss of $6.54 million.
Odaily News According to on-chain analyst Yu Jin's monitoring, a Whale previously used 10 million USDC to purchase VIRTUAL from a Whale/institution, and despite receiving an Airdrop worth 1.61 million USD in VVV, ultimately lost 6.54 million USD. The operational history is as follows: In December last year, 10 million USDC was spent to purchase 4.251 million VIRTUAL at an average price of $2.35; In January, he received an airdrop of 101,000 VVV for holding a large amount of VIRTUAL, and then sold the airdrop for 1.61 million USDC. In March, 4.251 million VIRTUAL were liquidated at an average price of $0.56. Today, he cleared his address and transferred 3.46 million USDC to Coinbase.