- Whale purchases of $VIRTUAL tokens, including 4.25M tokens for 10M $USDC, signal rising investor interest.
- $VIRTUAL’s price hit new highs after 406 $ETH ($1.58M) purchased 664,361 tokens at $2.39.
- Wallets holding 100M-1B $VIRTUAL added 6.3M tokens, pushing the price toward a potential $2.60.
The crypto market has recently seen a significant uptick in whale activity, marked by massive $VIRTUAL buyouts. According to Lookonchain data, two new wallets, potentially controlled by the same whale, redeemed 10M $USDC tokens from Coinbase, using them to purchase 4.25M $VIRTUAL tokens.
Such whale movements often signal growing institutional confidence and the latest accumulation of $VIRTUAL tokens is grabbing the attention of market observers and traders. The two wallets reportedly withdrew up to $10M in $USDC from Coinbase and converted it into large amounts of $VIRTUAL tokens, highlighting the rising demand for this asset.
$VIRTUAL Token Hits New High Amid Accumulation
Further data reveals another significant transaction: a wallet transferred 406 $ETH, approximately $1.58 million, to purchase 664,361 $VIRTUAL tokens at an average price of $2.39 per token. The buyout adds to large investors’ growing accumulation of $VIRTUAL, suggesting rising confidence in the token’s future performance.
On December 12, Santiment reported a sharp increase in wallets holding between 100 million and 1 billion $VIRTUAL tokens. These wallets added 6.3 million $VIRTUAL tokens worth around $15 million. As a result, the token’s price surged to a new all-time high, with predictions suggesting it could break the $2.60 barrier if the accumulation trend persists.
The timing of these whale buyouts has sparked curiosity within the crypto community. Large capital inflows into $VIRTUAL can boost its price due to higher demand and lower supply on exchanges. The accumulation often signals growing retail interest, with market enthusiasts watching for potential outcomes. The ongoing buyouts suggest a positive trend, with many speculating that $VIRTUAL’s price could rise further in the coming weeks.
Whale Purchases Across the Crypto Market
Other cryptocurrencies have also attracted significant whale activity. Aave (AAVE), an altcoin within the decentralized finance sector, saw its price increase by 42% within a week. The surge followed a large inflow of over $35 million from major AAVE holders, driven partly by news that Donald Trump’s cryptocurrency project had acquired AAVE tokens.
Similarly, Ondo Finance (ONDO), another altcoin, has seen whale investors amass over 7.34 million tokens. The influx has contributed to a 17% price increase in ONDO. Despite the bullish outlook, some experts caution that profit-taking could soon cause ONDO’s price to dip below $1.
Amid positive market developments, a $VIRTUAL whale investor bought 1.54 million tokens for 575 $ETH (around $2.12 million) during a 12% price dip, signaling confidence in a rebound or further rise. The investor, who previously made smaller trades with $VIRTUAL, saw a 17% profit in one day, highlighting strong belief in its future potential, especially after a 137% price surge last week.
As whale activities intensify and the demand for $VIRTUAL continues to grow, many in the crypto community speculate that the token could soon break past significant price barriers. With increasing institutional and retail interest, $VIRTUAL appears poised to become a key player in the cryptocurrency market.
Read More: AAVE Erupts! Whale Activity Ignites Massive Rally
