The Virtuals Protocol has made headlines after withdrawing 4 million VIRTUAL coins from its wallet, worth $16.28 million. 1 million of these coins were sent to the Bybit exchange, raising interest in the protocol's transfers. This signals a trend as the protocol has transferred $62.56 million worth of coins since December to centralized exchanges. This suggests the protocol is engaging with exchanges, potentially to sell and take advantage of market conditions. The impact of these transfers on internal operations and the market is not fully understood and requires attention.



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