BlockBeats news, according to on-chain analyst Yu Jin's monitoring, an address marked as DeFiance Capital transferred 500,000 VIRTUAL to Bybit 40 minutes ago, worth 2.33 million USD.
DeFiance Capital is the leading investor in the Virtuals Protocol, having invested in February 2024 to acquire 10.5 million VIRTUAL. They began selling VIRTUAL in May 2024 and have sold a total of 7.2 million VIRTUAL so far at an average price of 1.48 USD: they sold 2.2 million VIRTUAL on-chain; transferred 5 million VIRTUAL to Bybit. They still hold 3.3 million VIRTUAL, worth 15.68 million USD.
