VIRTUAL (Virtuals Protocol) fell 11.77% in the last 24 hours.

Gate News Bot news, on November 3rd, according to CoinMarketCap, as of the time of writing, VIRTUAL (Virtuals Protocol) is currently priced at 1.54 USD, having fallen 11.77% in the last 24 hours, with a high of 1.89 USD and a low of 1.22 USD. The 24-hour volume reached 493 million USD. The current market capitalization is approximately 1.008 billion USD, a decrease of 135 million USD compared to yesterday.

Virtuals Protocol is a decentralized platform focused on AI agents. The protocol aims to create a society of AI agents, allowing users to create, deploy, and manage autonomous AI agents. The platform provides a leaderboard to showcase the best-performing AI agents and supports user interaction with these agents through ACP Butler. The goal of Virtuals Protocol is to promote the development of the AI agent economy and provide users with innovative AI application scenarios.

VIRTUAL Recent Important News:

1️⃣ Large investors transferring tokens trigger selling pressure A certain VIRTUAL large holding address transferred 7,958,000 VIRTUAL (worth approximately $13.45 million) to the institutional service platform Teneo. This large-scale transfer has raised market concerns and may be the main reason for the significant fall in VIRTUAL prices. The address previously acquired 26,420,000 VIRTUAL through investments, and has now transferred them all out, at an average price of $1.54, with a total value of $40.83 million.

2️⃣ Overall market adjustment affects VIRTUAL performance The cryptocurrency market as a whole is showing a falling trend, with multiple mainstream coins experiencing varying degrees of correction. As one of the popular coins, VIRTUAL is hard to remain unaffected, showing a significant decline amid low market sentiment. In the past 24 hours, VIRTUAL has fallen by 14.00%, ranking first in terms of decline.

3️⃣ New trading pairs launched bring short-term volatility Gate launched the GAME (GAME by Virtuals) spot trading on October 29. The new trading pair brings more liquidity and exposure to the VIRTUAL ecosystem, but it may also lead to short-term price fluctuations that affect market stability.

From a technical perspective, the current price of VIRTUAL has significantly retreated from recent highs and may be looking for new support levels. On the fundamental side, although Virtuals Protocol continues to expand its trading channels, the movements of large investors have had a significant impact on short-term price trends. Investors should closely monitor the subsequent behavior of large holders and the overall market trend.

This message is not intended as investment advice; investors should be aware of market volatility risks.