Whale takes a contrary approach, re-entering the market for VIRTUAL: From loss to repositioning, can a rebound be achieved?
Recently, a whale that lost $5.02 million (a decline of -36%) on VIRTUAL at the beginning of the month has made another move, starting to purchase tokens of the project again. According to on-chain data monitoring, three hours ago, this address transferred 4,006 ETH (approximately $10.9 million) to a new address and used 419 ETH (approximately $1.14 million) to purchase 1.049 million VIRTUAL at an average price of $1.09.
This operation indicates that this whale has not exited the market due to losses but has chosen to reposition after the price correction. It is worth noting that earlier, this address had bottomed out by purchasing 5.038 million VIRTUAL at an average price of $2.76, but chose to cut losses when the price fell to $1.76, ultimately incurring a loss of $5.02 million.
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