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Virtuals Protocol [VIRTUAL] – Can altcoin hit $6 despite whale profit-taking?
As of late, the cryptocurrency market has been witnessing a plethora of unexpected price movements. This trend has also caught up with Virtuals Protocol (VIRTUAL), which recently experienced a remarkable 10.57% surge in its value over a 24-hour period. The altcoin’s market capitalization also saw an impressive growth, reaching $3.22 billion.
A significant aspect to note is that this rapid rise occurred despite the occurrence of whale profit-taking. In fact, a substantial whale transaction was recorded, where the investor exchanged 9.9 cbBTC for approximately 1.913 million VIRTUAL tokens, valued at around $896,000 at that time. This sale was followed by an even more considerable offloading of 1.026 million VIRTUAL for $2.7 million, resulting in a profit of roughly $1.8 million.
Despite these actions from the whale, which could have potentially led to market pressure and downward momentum, Virtuals Protocol [VIRTUAL] has continued its upward trajectory, hinting at a strong potential for future growth.
Source: ambcrypto.com
