BlockBeats News, January 2nd, according to on-chain analyst Yu Jin's monitoring, DeFiance Capital transferred 500,000 VIRTUAL tokens (worth 2.33 million USD) to Bybit 40 minutes ago.
DeFiance Capital is the lead investor in the Virtuals Protocol and acquired 10.5 million VIRTUAL tokens through investment in February 2024. Starting from May 2024, they began selling VIRTUAL tokens and have sold a total of 7.2 million VIRTUAL tokens so far at an average price of $1.48: they sold 2.2 million VIRTUAL tokens on-chain and transferred 5 million VIRTUAL tokens to Bybit. They still hold 3.3 million VIRTUAL tokens (worth 15.68 million USD) at the moment.