Crypto even According to onchain data altcoinde, The token sale of one of the project’s largest investors was detected.
Today Virtual Protocol (VIRTUAL) The altcoin price temporarily exceeded $5, and at the same time, the total market cap rose above the $5 billion level.
Following the rise, investment company DeFiance Capital sent 500 thousand VIRTUAL tokens worth $ 2.33 million to the cryptocurrency exchange Bybit.
DeFiance Capital is known as the largest investor in Virtuals Protocol and received 10 million VIRTUAL tokens from developers as a result of its investment in February 2024. The company started token sales in May 2024 and has sold 7.2 million VIRTUAL tokens so far. Their average selling price was $1.48. 2.2 million VIRTUAL tokens were sold onchain and 5 million VIRTUAL tokens were transferred to the cryptocurrency exchange Bybit.
However, the company still holds 3.3 million VIRTUAL tokens worth $15.68 million.
It is not known how much the company invested in the tokens it received, but VIRTUAL was opened for trading at $0.01 and it is unlikely to be much higher than this price. Therefore, DeFiance Capital seems to have made its move quite wisely.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/fiyatin-yukselmesinin-ardindan-bu-altcoinin-en-buyuk-yatirimci-sirketi-varliklarini-satmaya-basladi/
