The VVV price has delivered a massive payday for whale 0x7378, but the rally is now showing signs of overheating. In just six months, the wallet made $14.93 million from VVV and LIT, turning aggressive buying into a substantial paper gain.
The whale bought 102,189 VVV at $7.87 six months ago. After today’s surge, he sold 92,189 tokens for $2.37 million at $25.75 and still holds 10,000 VVV worth around $259,500. The VVV position alone has generated approximately $1.83 million in profit.
VVV Price Rally Pushes Whale Profits Higher
The LIT trade has been even more lucrative. Over the past three months, the wallet spent $11.3 million to buy 4.74 million LIT at an average price of $2.39. That holding is now worth approximately $24.4 million, leaving the whale with a $13.1 million unrealized profit.
Still, the charts are becoming harder to ignore. Both VVV/USD and LIT/USD have posted impressive momentum on the daily timeframe, while their RSI readings have entered overheated territory. That doesn’t guarantee a reversal, but it leaves both tokens exposed if buyers lose control.
Short Liquidations Add Fuel To VVV Rally
VVV token has also seen heavy short liquidations during the past two days. Short traders dominated the latest figures, with approximately $4.02 million in liquidations over 24 hours.
LIT crypto is facing a similar setup. Short liquidations reached $1.26 million today, again with shorts accounting for the larger share.
VVV Price Faces Sharp Downside If Momentum Fades
If the VVV price loses momentum, the token could fall toward $18 or even $10. LIT price could face declines toward $4.34, $3.17, or $2.28 if selling pressure takes over.
For now, whale profits and short liquidations support the rally. But with RSI metric is overheated, the VVV price may need a pause before attempting another sustained move higher.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
