The **Virtuals Protocol** has recently made headlines due to significant fund movements from its suspected official address. At 13:47-13:48 UTC+8 today, the address identified as 0xBe…c126 withdrew a substantial 4 million **VIRTUAL tokens** — valued at approximately $16.28 million — from the Virtuals Protocol's LP Wallet. [1](https://x.com/WuBlockchain/status/1874347898852495625)

After the withdrawal, 1 million VIRTUAL tokens worth around $4.07 million were transferred to the **Bybit Deposit**. It is noteworthy that since December, this same address has been involved in transferring nearly $62.56 million worth of VIRTUAL tokens to various CEXs.

These transactions have sparked conversations within the cryptocurrency community, as such large movements often indicate significant developments, whether internally or externally triggered. [@WuBlockchain](https://x.com/WuBlockchain) reported this development, drawing further attention to the liquidity and handling of funds within Virtuals Protocol.

The precise motivations behind these transfers remain unclear, prompting speculation about strategic financial maneuvers or possible reorganization within the protocol.

Such notable transactions are crucial for investors and stakeholders within the cryptocurrency space as they often precede major announcements or changes.

Significant Virtuals Protocol withdrawals to Bybit

Virtuals Protocol Transfers Millions to CEX

The suspected Virtuals Protocol official address: 0xBe…c126 withdrew 4 million VIRTUAL (worth about $16.28 million) from Virtuals Protocol: LP Wallet at 13:47-13:48 UTC+8 today, and then transferred 1 million VIRTUAL ($4.07 million) to Bybit Deposit. Since December, the suspected Virtuals Protocol official address: 0xBe…c126 has transferred about $62.56 million worth of VIRTUAL to CEX. https://t.co/IsPtsAyMav

Wu Blockchain

In the world of cryptocurrency investments, large-scale investors, commonly known as **whales**, have a significant impact on market dynamics. Such is the case of a whale that made headlines by purchasing a substantial amount of **$VIRTUAL** tokens, yielding an impressive return. [1](https://x.com/lookonchain/status/1874710305596678515)

Nineteen days ago, the whale invested **$10 million USDC** to acquire **4.25 million $VIRTUAL**. The current value of this investment has skyrocketed to **$21.5 million**, translating to an unrealized profit of **$11.5 million**. This demonstrates the lucrative potential of strategic investments in the crypto space.

This move was initially highlighted by Twitter user [@lookonchain](https://x.com/lookonchain) The investment has piqued interest among crypto enthusiasts and investors alike, showcasing the significant profits that can be reaped from timely and bold wagers in the highly volatile cryptocurrency market.

The whale's bold decision was facilitated through withdrawals of $10 million USDC from **Coinbase**, followed by the purchase of **$VIRTUAL** at a rate of $2.35 per token. The involved transaction reveals extensive thought and trust placed in the growth potential of the $VIRTUAL cryptocurrency. [2](https://x.com/lookonchain)

Such substantial investments by whales can influence market trends, and this case reaffirms their pivotal role within the cryptocurrency ecosystem. As $VIRTUAL continues to attract attention, this whale's successful venture could inspire similar lucrative ventures in the crypto markets.

A whale's $VIRTUAL investment yields $11.5M profit

Whale Profits Big on $VIRTUAL Investment

Bithumb, South Korea's second-largest cryptocurrency exchange, has announced an important update for its users. 

As of January 2, 2025, Bithumb will introduce new **Korean Won trading pairs**, specifically for **PEAQ** and **VANA**. [1](https://x.com/WuBlockchain/status/1874641481350439382) 

PEAQ serves as a Layer 1 blockchain primarily utilized for **Decentralized Physical Infrastructure Networks (DePINs)**. 

This innovative infrastructure supports a range of physical assets and services being decentralized and securely managed.

On the other hand, **Vana Network** is recognized as a **decentralized data network**, enabling users to engage in efficient data sharing and management without central authority oversight.

The introduction of these trading pairs reflects Bithumb's commitment to broadening its asset availability and offering users a diverse trading experience.

The new pairs will be available starting at 4 pm KST, allowing traders to explore **diversified investment opportunities** within the cryptocurrency sphere.

Bithumb's decision to list these assets could be seen as part of a broader strategy to tap into emerging technologies that prioritize decentralization and efficient infrastructure.

Bithumb lists PEAQ and VANA Korean Won trading pairs.

Bithumb Adds New Korean Won Trading Pairs

**Cryptocurrency whales** have been making significant **moves in the $ai16z market**, as reported by [@lookonchain](https://x.com/lookonchain) 

One particular address that stands out is **wVbrpF...BYuA**, which recently withdrew a staggering **1.86 million $ai16z tokens** valued at **$3.95 million** from the cryptocurrency exchange **Gate.io**. 
This same entity now holds an impressive **10.21 million $ai16z**, amounting to around **$22.86 million**. [1](https://x.com/lookonchain/status/1874634469837254793)

Adding to the wave, a new blockchain address, **CoErvN...8DiS**, was registered just 22 hours prior to the report. 
This address dynamically shifted market focus by acquiring **9,317 $SOL** (worth **$1.77 million**) to purchase **955.5K $ai16z tokens**. 
Such movements highlight the **growing interest in $ai16z**, raising questions about future market performances and potential impacts on investor sentiment. [1](https://x.com/lookonchain/status/1874634469837254793)

The strategic positioning and large withdrawals by these whales might indicate anticipation of a **significant price surge** or a new market trend in the coming months.
Crypto enthusiasts and market analysts will surely be keeping a close watch on these developments.

Cryptocurrency whales are actively accumulating $ai16z tokens.

Virtuals Protocol Transfers Millions to CEX

Frequently Asked Questions

What is the Virtuals Protocol?

What are VIRTUAL tokens?

Why did the address 0xBe…c126 withdraw so many VIRTUAL tokens?

What does CEX stand for in the cryptocurrency context?

What are the implications of large withdrawals in cryptocurrency?