In the past five hours, a prominent crypto whale with the address 0x60F sold 4.64 million VIRTUAL tokens for 5.32 million USDC at an average price of $1.147.

This strategic sale capitalized on a 52.78% price spike, earning the whale a staggering $3.98 million in profit, reflecting a 224% return on investment.

Despite this substantial sale, the whale still holds 5.05 million VIRTUAL tokens valued at $7.09 million. These remaining holdings represent an additional unrealized profit of $4.99 million, a 259% gain from the whale’s initial investment.

The whale’s involvement with VIRTUAL began between October 27 and November 1, 2024, when they acquired 17 million tokens at an average price of $0.382. However, not all of their trades proved as lucrative. Shortly after their initial purchase, the whale swapped 7.2 million VIRTUAL for 18.46 million LUNA, which has since

Had the whale retained their entire VIRTUAL position instead of trading a portion for LUNA, their profits could have soared to an impressive $16.1 million. This highlights the potential impact of portfolio decisions in volatile markets.

While the whale’s VIRTUAL trades have been largely profitable, the misstep with LUNA serves as a reminder of the risks associated with diversification and speculative swaps. As the whale continues to hold a significant VIRTUAL position, market watchers are keen to see whether further price movements will enable them to unlock even greater gains in the near future.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: nahumam/123RF // Image Effects by Colorcinch