According to Odaily Planet Daily, on-chain analyst Yu Jin reported that an investor/institutional address (0x0d3...5fa2) transferred 7.958 million VIRTUAL tokens (worth $13.45 million) to the institutional service platform Teneo 8 hours ago.

The address acquired 26.42 million VIRTUAL tokens through investment in December 2023, and has since transferred them all out at an average price of $1.54, for a total value of $40.83 million. Platforms such as Arkham and Nansen had previously labeled the address as DeFiance Capital, but the CEO of DeFiance Capital stated that the label was incorrect.