ChainCatcher message, on-chain data analyst @ai_9684xtpa has detected a notable transaction activity. An address suspected to belong to the VIRTUAL project team or early participants deposited 2 million VIRTUAL tokens to the Bybit exchange two hours ago, worth approximately 6.96 million USD.
More importantly, this address has transferred a total of 8.75 million tokens to centralized exchanges over the past week, with a total value of about 27.08 million USD, and an average deposit price of 3.09 USD. This series of operations has attracted widespread attention in the market.
Additionally, three associated addresses currently hold tokens worth 181 million USD, accounting for 10.9% of the total token supply on the Base network. This holding proportion may have a potential impact on market liquidity and prices, warranting continuous attention.