An unidentified cryptocurrency investor increased their initial investment in Virtuals Protocol from $10 million to $21.5 million in just 19 days, driven by the token's rapid rise.
Purchase and Value Increase
The whale purchased 4.25 million VIRTUAL tokens for $10 million in USDC. By January 2, 2025, the investment was valued at $21.5 million, reflecting a 44% increase in a single day starting November 15, 2024. According to CoinMarketCap, the token reached an all-time high of $5.07.
Role of VIRTUAL in AI Agents
VIRTUAL serves as the utility token for Virtuals Protocol, a platform enabling users to create and co-own autonomous AI agents. The growing interest in AI agents has propelled the token's success. These agents can independently execute blockchain transactions, as demonstrated in December when a Virtual Protocol agent interacted with another agent on STIX Protocol.
VIRTUAL Token Futures on OKX
[OKX recently introduced USDT-margined perpetual futures for Virtual Protocol and SUNDOG tokens. Trading for these contracts commenced on December 11, 2024, offering leverage options from 0.01x to 50x. Temporary caps and tick sizes were set to enhance the trading experience.]
Investments in Virtuals Protocol have shown potential for significant short-term gains, supported by emerging technologies like AI agents.