Altcoins News
By MikeT
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VIRTUAL Protocol (VIRTUAL) has become the center of attention in the crypto market after a dramatic 13.95% drop in just 24 hours, leading losses among major digital assets.
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Blockchain analytics firm Nansen confirmed that this whale dominance has reached an unprecedented level.
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Adding to the concerns, these same whale wallets have reportedly been in profit over the past 24 hours, with “smart money” wallets—known for their calculated and often profitable…
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Despite this bearish backdrop, spot traders have been bucking the trend. In a surprising turn, retail investors appear to be buying the dip. Data from CoinGlass reveals that $1.
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Still, such optimism may be premature. From a technical standpoint, VIRTUAL continues to show signs of weakening.
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Momentum indicators provide little comfort either. The Relative Strength Index (RSI), a widely used metric to gauge whether an asset is overbought or oversold, currently stands…
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The underlying risk is rooted in the token’s increasingly unbalanced holder base. While retail traders continue to accumulate VIRTUAL, their impact on the market is likely…
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What complicates the outlook even further is the current macro backdrop. With markets overall leaning risk-off due to economic uncertainty and regulatory scrutiny, smaller…
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In conclusion, while VIRTUAL is seeing short-term buying interest from retail investors, the overwhelming concentration of supply in the hands of whales poses a serious systemic…
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