According to Deep Tide TechFlow news on December 14, on-chain data analyst Ai Yi monitored that the suspected VIRTUAL project team / early participants deposited 7 million VIRTUAL into Bybit in the past 17 hours, worth 17.09 million USD. This address has accumulated a total of 11.97 million tokens deposited to trading platforms in the past two months, worth as much as 25.74 million USD.
It is reported that this address received an airdrop of 54.85 million VIRTUAL on the Ethereum mainnet on December 23, 2023 (accounting for 5.49% of the total token supply), and then cross-chain transferred the tokens to the Base network in April 2024. After multiple transfers, 10 million tokens were moved to the current address. The original address still holds VIRTUAL worth 100 million USD.
From the transaction records, VIRTUAL was originally issued on the Ethereum mainnet, then migrated to the Base network, completing its transformation and development. CMC also shows that the token is deployed on both networks.
