PANews reported on June 28 that according to on-chain analyst Yu Jin’s monitoring, the whale/institution that previously used 10 million USDC to purchase $VIRTUAL ended up losing $6.54 million afterPANews reported on June 28 that according to on-chain analyst Yu Jin’s monitoring, the whale/institution that previously used 10 million USDC to purchase $VIRTUAL ended up losing $6.54 million after

Whales/institutions that received an airdrop of approximately $1.61 million by holding VIRTUAL lost $6.54 million after selling VIRTUAL at a low point

2025/06/28 10:10
1 min read

PANews reported on June 28 that according to on-chain analyst Yu Jin’s monitoring, the whale/institution that previously used 10 million USDC to purchase $VIRTUAL ended up losing $6.54 million after receiving an airdrop worth about 1.61 million USDC. Its operation process is as follows: In December last year, the whale/institution spent 10 million USDC to purchase 4.251 million VIRTUAL at an average price of $2.35; in January, it received an airdrop of 101,000 VVVs due to holding a large amount of VIRTUAL, and then sold the airdrop in exchange for 1.61 million USDC; in March, 4.251 million VIRTUALs were sold at an average price of $0.56. Today, the whale/institution cleared the address and transferred 3.46 million USDC to Coinbase.

Market Opportunity
USDCoin Logo
USDCoin Price(USDC)
$1.0019
$1.0019$1.0019
+0.06%
USD
USDCoin (USDC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Top Altcoins To Hold Before 2026 For Maximum ROI – One Is Under $1!

Top Altcoins To Hold Before 2026 For Maximum ROI – One Is Under $1!

BlockchainFX presale surges past $7.5M at $0.024 per token with 500x ROI potential, staking rewards, and BLOCK30 bonus still live — top altcoin to hold before 2026.
Share
Blockchainreporter2025/09/18 01:16
UBS CEO Targets Direct Crypto Access With “Fast Follower” Tokenization Strategy

UBS CEO Targets Direct Crypto Access With “Fast Follower” Tokenization Strategy

The tension in UBS’s latest strategy update is not between profit and innovation, but between speed and control. On February 4, 2026, as the bank reported a record
Share
Ethnews2026/02/05 04:56
Cryptos Signal Divergence Ahead of Fed Rate Decision

Cryptos Signal Divergence Ahead of Fed Rate Decision

The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…
Share
BitcoinEthereumNews2025/09/18 01:01