According to ChainCatcher news, on-chain analyst Yu Jin monitored that DeFiance Capital transferred 500,000 VIRTUAL (2.33 million USD) to Bybit 40 minutes ago.
DeFiance Capital is the lead investor in the Virtuals Protocol, having acquired 10.5 million VIRTUAL through investment in February 2024. They began selling VIRTUAL in May 2024 and have sold a total of 7.2 million VIRTUAL so far, with an average price of $1.48: 2.2 million VIRTUAL were sold on-chain; 5 million VIRTUAL were transferred to Bybit. They currently still hold 3.3 million VIRTUAL (15.68 million USD).
