🚨 Data Alert! The Base Network Memecoin $VIRTUAL appears to have seen significant deposits from large holders recently, accumulating a total deposit of $25.74 million over the past two months!
Recent on-chain data reveals that the suspected project team/early participants of the $VIRTUAL project deposited 7 million $VIRTUAL tokens worth approximately $17.09 million into the Bybit exchange within the last 17 hours. This action marks a renewed influx of funds for the token.
Recent deposit dynamics:
In the past two months, a total of 11.97 million $VIRTUAL tokens have flowed into the exchange, valued at $25.74 million, indicating ongoing investment from large funds and activity levels. Additionally, on-chain records show that on December 23, 2023, this address received an airdrop of 54.85 million $VIRTUAL tokens from the Ethereum mainnet, accounting for 5.49% of the total token supply. In April 2024, the token successfully crossed chains to the Base network, and through multiple transfers, 10 million tokens were moved to the current address.
Project development review:
$VIRTUAL was initially issued on the Ethereum mainnet and later successfully migrated to the Base network, completing its transformation and development. This also signifies that the project team is actively promoting the ecological expansion of the token while enhancing its liquidity across multiple chains.
Market dynamics:
In the past 24 hours, the price of $VIRTUAL has increased by 15%, once again setting a new historical high, indicating strong market interest in the project. CMC data shows that the $VIRTUAL token is deployed on both Ethereum and Base networks, further solidifying its position in a multi-chain ecosystem.
Analysis:
With the continuous influx of capital and steady price increases, $VIRTUAL is steadily moving towards greater market recognition. Considering the recent large deposits and the project's cross-chain layout, the future development potential of $VIRTUAL is worth paying attention to.
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