Last week, VIRTUAL, the token powering Virtuals Protocol, crossed the $5 threshold, propelling its market capitalization to an impressive $5 billion.
This achievement underscores the growing adoption of the project and investor confidence in its future potential.
DeFiance Capital: Early Investor Reaps Massive Gains
DeFiance Capital, the lead investor in Virtuals Protocol, played a pivotal role in its development, acquiring 26.42 million $VIRTUAL in December 2023. Since May 2024, the firm has gradually reduced its holdings, selling 7.2 million tokens at an average price of $1.48. This includes 2.2 million sold on-chain and 5 million transferred to Bybit.
Most recently, DeFiance Capital moved 500,000 $VIRTUAL ($2.33 million) to Bybit as the token hit $5. Despite these sales, they still retain 19.22 million $VIRTUAL, valued at $89.93 million. While the exact cost of their initial investment is unclear, VIRTUAL’s opening price of $0.01 suggests this has been an exceptionally lucrative venture for the firm.
VIRTUAL 在今天突破 $5，市值来到了 $50 亿。@DeFianceCapital 在 40 分钟前将 50 万枚 $VIRTUAL ($2.33M) 转进 Bybit。
DeFiance Capital 是 Virtuals Protocol 的领投机构，通过投资在 2023 年 12 月得到了 2642 万枚 $VIRTUAL。
他们从 2024 年 5 月开始出售 VIRTUAL，到目前一共出售了 720 万枚… pic.twitter.com/pW2DJd8Hco
— 余烬 (@EmberCN) January 2, 2025
Smart Money Cashes Out with 8x Profit
A smart money wallet further highlighted the profitability of VIRTUAL investments. Between October and December 2024, this address purchased 1.048 million $VIRTUAL on-chain for 531,000 USDC, at an average cost of $0.50 per token.
Two hours ago, the investor transferred 850,000 $VIRTUAL to Bybit when the price had risen to $4.50. This move secured a profit of $4.24 million, reflecting an 800% return on investment.
一个聪明钱地址在 2 小时前将 85 万枚 VIRTUAL ($3.82M) 转进 Bybit，他在 VIRTUAL 上实现了 8 倍的收益。
他是在 2024 年 10-12 月陆续在链上花费了 53.1 万 USDC 买入 104.8 万枚 VIRTUAL，成本仅 $0.5。
2 小时前，他将持有的 VIRTUAL (85 万枚) 全部转进 Bybit，此时的 VIRTUAL 价格已经上涨为… pic.twitter.com/LNDUEIt4g1— 余烬 (@EmberCN) January 3, 2025
Conclusion
The success of VIRTUAL has enabled both institutional and individual investors to secure impressive gains. With its growing market value and increasing interest from major players, VIRTUAL has cemented itself as one of the standout tokens in the crypto space.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.