#VIRTUALWhale VIRTUAL, the native token of AI agent platform Virtuals Protocol, has fallen nearly 10% over the past week as the cryptocurrency market grapples with downward pressure.
This decline has caused the value of the AI agent token to fall by more than 60% over the past month.
Over the past 24 hours, VIRTUAL’s price has fallen nearly 6%.
Whale dumps VIRTUAL tokens for a loss of $$ 4.4 million
The trading activity and whale accumulation have followed a surge in Virtuals Protocol, with token-based AI agent projects seeing a surge in Q4 2024.
It is worth noting that AI and cryptocurrencies continue to be key themes among the top stories in the space.
However, there has been significant profit-taking as Trump’s tariffs have impacted broader sentiment. It is this scenario that has caused Bitcoin to fall below $$ 100K, and the value of most major altcoins has plummeted in the past month.
In the case of the Virtuals Protocol, initiatives such as ecosystem rewards and a share buyback and redemption program have contributed to the recent surge in price.
However, the AI agent project has fallen significantly since its peak in January, and the whale that mimicked the project has now cleared its entire position.
According to on-chan, this whale has sold all of its VIRTUAL tokens.
According to Onchain Lens, the whale has accumulated 4.88 million VIRTUAL UNITS, acquiring them for a total of approximately $$ 9.86 million.
The sale of the agency’s token on February 9 generated a profit of $$ 5.39 million, while the company incurred a loss of $$ 4.46 million.