The online wallet with address 0x7378 has recently attracted attention for hitting two transactions: VVV and LIT. Public data shows that this address has accumulated approximately $14.93 million in profits over the past few months, which includes both realized profits and unrealized paper gains that have not yet been sold. With the rapid short-term increase of VVV, the market has begun to wonder if this round of growth has entered an overheated phase.

VVV Some positions have been liquidated.

Data shows that this address purchased 102,189 VVV at an average price of about $7.87 six months ago. On that day, after the price soared, the account sold 92,189 of them at an average transaction price of around $25.75, realizing approximately $2.37 million in cash.

After the sale, this address still holds 10,000 VVV, which, estimated at the price mentioned in the text, has a market value of about $259,500. Just from the transaction involving VVV, the cumulative profit is approximately $1.83 million.

LIT contributes the main earnings from holdings

In contrast, LIT is a larger source of profit for this wallet. Over the past three months, this address has invested approximately 11.3 million US dollars to buy 4.74 million LIT, with an average cost of about 2.39 US dollars each.

According to the valuation in the text, the current value of this portion of the holdings is approximately 24.4 million US dollars, corresponding to an unrealized profit of about 13.1 million US dollars. In other words, most of the current earnings from 0x7378 still come from the book profit of LIT, rather than cash returns that have already been realized.

• VVV has achieved a selling amount of approximately $2.37 million.
• VVV Remaining position of about 10,000 coins
• LIT has not realized a floating profit of approximately $13.1 million.

Short-term upward trend accompanied by overheating signals

The report mentions that VVV and LIT have shown strong momentum at the daily time frame, with their respective strength indicators entering a relatively hot range. At the same time, the rise of VVV was also driven by short-selling liquidation, which further amplified the short-term increase.

However, the increase in kinetic trading also means that prices are more sensitive to changes in buying interest. Once the funds chasing rising prices weaken, tokens that have seen rapid gains earlier are more likely to experience pullbacks.

It is mentioned in the text that if the momentum on VVV slows down, the price may fall back to $18, and in extreme cases, it could even drop to $10. If LIT faces selling pressure, it might revisit levels around $4.34, $3.17, or $2.28. Overall, the profits of large investors and the covering of short positions are still supporting the current market trend, but market vigilance regarding high-level fluctuations is increasing.