Add as a preferred source on GoogleWallet Linked to Mercado Bitcoin Hack Moves 1.92 Million VIRTUAL
Onchain Lens identified address 0xbaa...E896 and tracked batches of 30,000 to 40,000 VIRTUAL being sold through MetaMask.
A wallet identified by on-chain monitor Onchain Lens as belonging to the Mercado Bitcoin hacker moved 1.92 million VIRTUAL, worth about $1.14 million, to a new wallet, with the tokens now being sold in smaller lots.
The wallet address was listed as 0xbaa...E896. The reported sales are taking place through MetaMask in batches of 30,000 to 40,000 VIRTUAL. Each batch is valued at roughly $17,000 to $45,000.
The figures describe a transfer of 1.92 million tokens, followed by sales in smaller increments; they do not establish that the entire transferred amount has been sold. Moving tokens to another wallet and selling tokens are distinct actions. At the reported sizes, the activity is spread across smaller transactions rather than one sale matching the transferred balance.
The observed sales put some VIRTUAL into the market in successive lots, creating a potential near-term source of supply.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.