Virtual Protocol (VIRTUAL) project or its early investors deposited 7 million VIRTUAL ($17.09 million) to Bybit 17 hours ago, according to on-chain analytics provider ai_9684xtpa. This deposit is part of a larger trend of VIRTUAL deposits to Bybit, with a total of 11.97 million VIRTUAL ($25.74 million) deposited to the exchange in the last two months. Notably, the address associated with these deposits airdropped 54.85 million VIRTUAL (5.49% of total supply) on December 23rd, 2023. This suggests that the deposited VIRTUAL may be intended for distribution or sale. The price of VIRTUAL has responded positively to these developments, rising 14.2% to $2.45, according to CoinGecko. This indicates that investors are optimistic about the future of the VIRTUAL project and its token. Overall, these deposits suggest that the VIRTUAL team or its early investors are preparing for a significant event or announcement. It remains to be seen how the market will react to this news, but it is clear that VIRTUAL is a project to watch in the coming weeks and months.