In the past 24 hours, suspected market makers have deposited 3.23 million $VIRTUAL tokens onto exchanges, valued at $8.67 million.
The tokens were moved at an average price of $2.68, signaling significant trading activity. Notably, the entity behind this movement previously served as a market maker for Binance’s $PORTAL mining project. Although the specific institution remains unidentified, the address still holds $VIRTUAL tokens worth $2.6 million.
疑似 $VIRTUAL 做市商过去 24 小时已向交易所累计充值 323 万枚 VIRTUAL，价值 867 万美金，均价 $2.68
该做市商曾是币安新币挖矿项目 $PORTAL 的做市商，暂未定位到具体机构；目前该地址仍持有价值 260 万美金的 VIRTUAL🤔
钱包地址 https://t.co/yDmSoNE4cz https://t.co/lSps1YKPTa pic.twitter.com/vzC8H3fly6
— Ai 姨 (@ai_9684xtpa) December 16, 2024
$VIRTUAL Price Action
The remarkable rise of $VIRTUAL has captured the market’s attention, with the token’s value surging by an astounding 6300%. Interestingly, much of this growth predates the widespread buzz around artificial intelligence and $VIRTUAL’s association with it. A major factor behind this rally is the prolonged accumulation strategy of SDT, an entity that had been quietly amassing $VIRTUAL at price levels around $0.026 months before its breakout.
$VIRTUAL pumped 6300% is an example of this feature!
Before many people started talking about #AI and $VIRTUAL, SDT had been accumulating them for months at the $0.026+ range.
During long-term accumulation, the price might drop by half or even more, but the results can be quite… https://t.co/mFmCgzAEQS pic.twitter.com/PUeRyuXk5f
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) December 16, 2024
Long-term accumulation strategies, like the one employed by SDT, often see prices drop significantly—sometimes by half or more—before delivering unexpected and substantial returns. $VIRTUAL is a clear example of this, rewarding patient investors as its value skyrocketed over time.
With significant deposits by market makers and ongoing holdings in key wallets, $VIRTUAL appears to be gaining traction among institutional players. The token’s dramatic rise and the strategic accumulation leading up to it suggest a calculated move by early adopters, leaving many in the crypto space watching closely for what comes next.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: marketlan/123RF // Image Effects by Colorcinch