A prominent crypto whale, identified as wallet 0x700, has made waves by purchasing $2.12 million worth of VIRTUAL in a single transaction.
The whale spent 575 ETH to acquire 1.54 million VIRTUAL tokens at an average price of $1.377 per token.
This isn’t the whale’s first interaction with VIRTUAL. Just three days ago, they executed a smaller trade, reaping a $17,000 profit—a 17% gain—in just one day. The latest purchase suggests a more significant commitment to the AI-powered token.
VIRTUAL has been a standout performer in the crypto market recently, rallying by an impressive 137% last week, making it one of the top-performing AI tokens. However, the token’s price has cooled off, dropping by 10.93% in the past 24 hours. This dip has led to speculation about the whale’s strategy—are they attempting to buy the dip and position themselves for the next rally?
The whale’s significant investment underscores growing interest in AI tokens, a niche that has captured attention for its innovative applications in blockchain technology. Despite the recent pullback, VIRTUAL remains a key player in the AI crypto space, with its volatile performance attracting traders looking for high-risk, high-reward opportunities.
As the market watches closely, this bold move could signal renewed confidence in VIRTUAL’s long-term potential. Whether the whale’s bet pays off will depend on the token’s ability to regain momentum in the coming days.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.