Latest news from ChainCatcher: On-chain analyst Yu Jin discovered that DeFiance Capital transferred 500,000 VIRTUAL (worth $2.33 million) to Bybit exchange 40 minutes ago. As the leading investor in Virtuals Protocol, DeFiance Capital acquired 10.5 million VIRTUAL through their investment in February 2024. Starting from May 2024, they began gradually selling these tokens, having sold 7.2 million VIRTUAL at an average price of $1.48. Of these, 2.2 million were sold on-chain, and 5 million were transferred to Bybit. Currently, they still hold 3.3 million VIRTUAL, with a market value of approximately $15.68 million. This series of operations demonstrates DeFiance Capital's strategic adjustments in managing its investment portfolio.