According to Deep Tide TechFlow news on December 14, on-chain data analyst Ai Yi monitored that the suspected VIRTUAL project party/early participants transferred 7 million VIRTUAL to Bybit in the last 17 hours, worth 17.09 million USD. This address has cumulatively transferred 11.97 million tokens to trading platforms in the past two months, worth as much as 25.74 million USD.

According to reports, this address received an airdrop of 54.85 million VIRTUAL tokens (accounting for 5.49% of the total supply) on December 23, 2023, on the Ethereum mainnet, and then cross-chained the tokens to the Base network in April 2024, subsequently transferring 10 million tokens to the current address after multiple intermediaries. The original address still holds VIRTUAL worth 100 million USD.

From the transaction records, VIRTUAL was first issued on the Ethereum mainnet, then migrated to the Base network and completed its transformation and development. CMC also shows that the token is deployed on both networks simultaneously.