VIRTUAL: Analyzing how a 4.88M whale dump affected the coin

VIRTUAL surged 18% after launching on Solana, but a whale sold 4.88M tokens, losing $4.46M.
Market activity spiked as traders eyed $1.50 resistance, with Open Interest rising by 25.93%.

Virtuals Protocol [VIRTUAL] has officially launched its token on the Solana blockchain, marking an expansion into one of the most widely used blockchain ecosystems.

Alongside this, the project introduced its official liquidity pool on Meteora, a decentralized finance (DeFi) platform within the Solana network.

In an X (formerly Twitter) post, the Virtuals Protocol team announced,

“In preparation for Virtuals Protocol Solana launchpad, we have successfully bridged to Solana and $VIRTUAL is now tradeable on Meteora.”

This launch follows VIRTUAL’s recent listing on Upbit, where the token is now available for trading against KRW, BTC, and USDT, expanding its global accessibility.

Whale offloads 4.88M VIRTUAL at a $4.46M loss

Following the launch on Solana, a whale who had accumulated 4.88 million VIRTUAL tokens worth $9.86 million recently sold the holdings for $5.39 million, taking a $4.46 million loss.

According to Onchain Lens, the tokens had been acquired 13 days prior, indicating a short-term trading strategy.

Large-scale transactions like this often draw market attention, raising speculation about the asset’s short-term price trajectory.

Despite the whale’s exit, VIRTUAL remains in strong demand, with major exchange listings and increased liquidity supporting market confidence.