Today, a smart investor entered the Virtuals Protocol (VIRTUAL) market with a massive purchase of VIRTUAL tokens during a recent market dip. This move has grabbed substantial interest and scrutiny within the crypto community.
Whale buys 4.88 million VIRTUAL tokens
According to data from Onchain Lens, a crypto whale spent $9.86 million USDT and DAI to purchase 4.88 million VIRTUAL tokens at an average price of $2 million.
In the past 48 hours, a whale has spent $9.86M $USDT and $DAI to buy 4.88M $VIRTUAL at an average price of $2 on the @ethereum Network.
Address: 0x56079469d9d012255e9d47ab063c96f7835059df pic.twitter.com/zqxXuLh36L
— Onchain Lens (@OnchainLens) January 29, 2025
The trader’s acquisition happened when VIRTUAL is currently experiencing a significant market correction. The trader seems to have capitalized on the asset’s recent dip with the growing demand for decentralized AI agents.
The whale’s activity signals increasing confidence in VIRTUAL’s long-term potential. While the asset’s price has declined by 33.00% over the last week to $1.97, this hasn’t encouraged whales from purchasing.
VIRTUAL price updates
Virtuals Protocol prices have been on a market consolidation for the past month. However, the asset’s pullback coincided with the latest wider sell-off in the global crypto market early this week.
On Monday, the broader market experienced significant declines amid concerns that the low-cost Chinese DeepSeek AI could undermine the high valuations of AI stocks like Nvidia. As a result, investor sentiments turned negative after major stocks and cryptocurrencies plunged their values.
VIRTUAL is currently down 42.6% from its high of $5.07 climbed early this month. While its value is currently trading at $1.97, down 0.3% in the past 24 hours, it has been down 33.00% in the last seven days.
However, these low prices indirectly created a buying opportunity for traders. Smart investors are aware that now is the right time to accumulate VIRTUAL tokens for potential price rises in the future.
Despite the recent declines, VIRTUAL remains a major participant in the cryptocurrency market, especially in the rapidly expanding AI agent sector. The AI industry is primed to continue experiencing explosive rallies, which is a good thing for Virtuals Protocol – a blockchain-driven AI agent network. Analysts expect the AI agent sector to grow from the $5.29 billion market valuation reached in 2024 to $216 billion by 2035.
Read the full article here
