Whale's Blunder: $4.46M Down the Drain!

“Whale’s Blunder: $4.46M Down the Drain!”

Whale’s Blunder: $4.46M Down the Drain!

VIRTUAL soared like a drunken eagle on Solana, only for a whale to dump 4.88M tokens and lose $4.46M. 🐋💸
Traders went wild for $1.50, with Open Interest jumping 25.93%. 📈🎢

Virtuals Protocol [VIRTUAL], with the grandeur of a czar, launched its token on the Solana blockchain, venturing into a realm as vast as the Russian steppe. 🌐👑

And lo, they introduced a liquidity pool on Meteora, a decentralized finance (DeFi) platform within the Solana network, like a hidden vodka stash in the winter palace. 🍸🏰

In a proclamation fit for the tsar’s court (formerly Twitter), the Virtuals Protocol team declared,

“In preparation for Virtuals Protocol Solana launchpad, we have successfully bridged to Solana and $VIRTUAL is now tradeable on Meteora.”

This grand launch followed VIRTUAL’s recent listing on Upbit, where the token is now available for trading against KRW, BTC, and USDT, spreading its wings across the globe like a mighty eagle. 🌍🦅

Whale Dumps 4.88M VIRTUAL, Loses $4.46M

After the grand ball on Solana, a whale, bloated with 4.88 million VIRTUAL tokens worth $9.86 million, sold them for a mere $5.39 million, losing more rubles than a gambler in a Moscow casino. 🐋🔥

Onchain Lens, the nosy neighbor of the blockchain world, revealed the tokens were acquired just 13 days prior, a strategy as short-term as a Russian winter. ❄️📅

Such grandiose transactions often draw more attention than a bear in a marketplace, fueling speculation about the asset’s price trajectory, which is as unpredictable as a Russian roulette. 🎲🤔

Yet, despite the whale’s hasty retreat, VIRTUAL remains in demand, supported by major exchange listings and increased liquidity, as sturdy as a Russian fortress. 🏰💪

VIRTUAL Price Action and Key Market Levels

Post-Solana integration, VIRTUAL surged by 18% in 24 hours, reaching $1.39, only to decline by 2.94% over a week, like a rollercoaster in a Russian fair. 🎢📉

At the current price, $1.40 stands as a key resistance point, a barrier as tough as a Russian border. A breakout could lead to further gains, with $1.50 as the next target, a prize as desirable as a pot of gold in a Russian fairy tale. 🏴󠁧󠁢󠁥󠁮󠁧󠁿🏅

On the downside, $1.35 may now act as support, a safety net as reliable as a Russian winter coat. If the price pulls back, $1.25 and $1.20 remain critical zones, where buyers might step in, as brave as Russian warriors. 🛡️🐲

Rising Market Activity and Bullish Momentum

Coinglass data shows VIRTUAL’s trading volume has increased by 60.35%, reaching $362.15 million, a surge as intense as a Russian dance. 🎉📊

Open Interest has also risen by 25.93%, now at $140.53 million, indicating growing trader commitments and potential volatility, as unpredictable as a Russian spring. 🌱🌀

Market indicators suggest continued bullish sentiment, with VIRTUAL forming higher highs and lows, a trend as strong as a Russian bear. 🐻📈

At press time, the Aggregated Funding Rate stood at 0.0072, while the Predicted Funding Rate was at 0.0112, showing traders are paying a premium to hold long positions, a gamble as risky as a Russian roulette. 🎲💰

This trend signals increased confidence in further price appreciation, as optimistic as a Russian fairy tale ending. 🏰

2025-02-12 02:19

Whale Dumps 4.88M VIRTUAL, Loses $4.46M

VIRTUAL Price Action and Key Market Levels

Rising Market Activity and Bullish Momentum

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