On Nov. 3, a wallet linked to VIRTUAL completed a large-scale liquidation, with analytics firms’ misidentification sparking denials from DeFiance Capital’s CEO.
On November 3, an address associated with VIRTUAL sent 7.958 million tokens worth $13.45 million to Teneo, marking the final step in divesting a December 2023 purchase of 26.42 million VIRTUAL. The investor sold the holdings at an average price of $1.54 for total proceeds of $40.83 million. Blockchain data firms Arkham and Nansen had tagged the address as belonging to DeFiance Capital, but the firm’s CEO publicly denied any involvement.