According to on-chain analyst Yu Jin, DeFiance Capital transferred 500,000 VIRTUAL tokens (worth $2.33 million) to Bybit 40 minutes ago. DeFiance Capital is the lead investor of Virtuals Protocol and acquired 10.5 million VIRTUAL tokens through investment in February 2024. They have sold a total of 7.2 million VIRTUAL tokens since May 2024 at an average price of $1.48, with 2.2 million VIRTUAL tokens sold on the chain and 5 million VIRTUAL tokens transferred to Bybit. They still hold 3.3 million VIRTUAL tokens (worth $15.68 million) at present.

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