Virtuals Protocol Ecosystem Tokens Plummet as VIRTUALS Token Suffers 10% Loss
Market Performance of Top Virtuals Protocol Ecosystem Tokens
The Virtuals Protocol ecosystem has experienced a decline in its token values, with most top AI agent tokens by market cap posting losses in the last 24 hours. G.A.M.E (GAME) has seen the sharpest drop at -15.6%, followed by Keyboard Cat (KEYCAT) at -12.27%. Small Autonomous Motherfucker (SAM) is the only major gainer, surging 19.42% in the same period.
Luna (LUNA), previously the leading Virtuals category token by market cap, has now fallen to the 11th position overall, signaling a shift in dominance within the ecosystem. The Virtual Protocol token itself has plunged by 10% in the last 24 hours, currently trading for $1.02.
Performance of VIRTUAL Token
Over the past week, VIRTUAL has fallen by 24% while its monthly loss stands at 63%. However, the trading volume is up 34% in the last 24 hours, indicating heightened market activity on the protocol. Plus, VIRTUAL remains one of the top three AI agent tokens by mindshare in the past 24 hours, accounting for 4.5%.
It follows Aixbt (an individual agent on VIRTUALS), which leads with 7.72%, and Fartcoin, accounting for 5%.
What is Virtual Protocol?
Virtuals Protocol is a decentralized platform designed for creating, owning, and monetizing AI agents. Itβs built on Base, a layer 1 blockchain by Coinbase. The project was co-founded by Jansen Teng and Wee Kee Tiew, with its official launch in October 2024.
The VIRTUAL token serves multiple purposes, including liquidity pairing, transaction fees, AI inference payments, and governance participation. The protocol implements a buyback-and-burn mechanism.
Tokenomics of VIRTUAL Token
VIRTUAL has a total supply of 1 billion tokens, with 5% allocated to the liquidity pool, 35% to the ecosystem growth and community incentives (managed by a DAO with a controlled release mechanism), and 60% available for public trading.
As the Virtuals Protocol ecosystem continues to evolve, it’s essential to stay informed about the latest developments and market trends. For more news and updates on cryptocurrencies, visit Global Crypto News.