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Whale Concentration in VIRTUAL Protocol Sparks Market Instability Concerns
Whale Concentration in VIRTUAL Protocol Sparks Market Instability Concerns
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Virtual Protocol’s VIRTUAL token led market declines with a 13.95% drop in 24 hours as whale wallets now control 93% of the supply. Nansen data reveals the top 100 addresses dominate holdings, creating potential liquidation risks if large holders exit positions.
Market analysts warn of continued downward pressure, though short-term rallies remain possible. The extreme supply concentration mirrors historical patterns where whale-dominated assets experience heightened volatility during sell-offs.
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