In the last 12 hours, a major crypto investor (whale) made a remarkable transaction with Virtuals Protocol (VIRTUAL). The whale sold 4.64 million VIRTUALs for a total profit of $5.32 million. After the sale, his net profit was determined as $3.98 million. This move stood out as a significant development in the cryptocurrency market. In addition, the whale still has 5.05 million VIRTUALs in his wallet, indicating a potential profit of approximately $4.99 million.
According to on-chain data, this whale purchased 17 million VIRTUAL coins in October at an average price of $0.382. However, shortly after, he traded 7.2 million of this amount for 18.46 million Terra (LUNA). This transaction has brought the whale a loss of $1.15 million so far. If he had held on to these VIRTUAL coins, his total profit could have been $16.1 million.$LUNA
This shows that investment decisions and strategic timing are key to success. Despite the significant gain from VIRTUAL, the loss on the LUNA swap once again demonstrates that asset swaps can have negative consequences.
As of now, the whale continues to hold 5.05 million VIRTUAL coins in his wallet. The total value of these assets has reached approximately $9 million. Experts say that if these coins are sold, the whale has the potential to increase his earnings.
However, the LUNA swap appears to have limited the whale’s overall profitability potential. This example demonstrates that while volatility in the cryptocurrency market can pose significant risks, it also presents significant opportunities for gain. For investors, the right strategy and timing remain critical factors for success.
