DeFiance Capital has made new moves in the cryptocurrency market recently! According to on-chain analyst Yu Jin's monitoring, this well-known investment institution transferred 500,000 VIRTUAL tokens (worth approximately $2.33 million) to the Bybit exchange just 40 minutes ago.💰

As the leading investment entity of the Virtuals Protocol, DeFiance Capital acquired 10.5 million VIRTUAL tokens through investment in February 2024. Starting from May 2024, they have gradually sold these tokens, having sold 7.2 million to date at an average price of $1.48.📈

So far, they have sold 2.2 million on-chain and transferred 5 million to Bybit, still holding 3.3 million VIRTUAL tokens, worth approximately $15.68 million.🔍

Will this transfer affect the market trend? Let's wait and see!