A significant player in the cryptocurrency market, known as a whale, has made substantial gains from an investment in the Virtuals Protocol (VIRTUAL) token. The unknown investor purchased over $10 million worth of VIRTUAL tokens, which serve as the utility token for the artificial intelligence agent launch platform.
Unrealized Profit Reaches Over $11.5 Million in 19 Days
According to onchain intelligence platform Lookonchain, the whale’s investment generated more than $11.5 million in unrealized profit over the past 19 days. The data was reported on January 2nd via a post on X (formerly Twitter).
A Whale Spent $10M USDC to Buy 4.25M VIRTUAL
The Lookonchain post highlights the whale’s significant investment: "A whale spent 10M $USDC to buy 4.25M $VIRTUAL 19 days ago, which is now worth $21.5M, with an unrealized profit of $11.5M."
Virtuals Protocol: Enabling AI-Driven Innovation
The Virtuals Protocol platform enables users to create, tokenize, and co-own autonomous AI agents without the need for coding or software development skills. This innovative approach has garnered significant interest in the cryptocurrency market.
VIRTUAL Token Sees 44% Increase in Value Within a Day
On November 15th, the VIRTUAL token began gaining traction, rising over 44% within a day. The surge was attributed to growing investor excitement around AI-based cryptocurrencies. The token reached an all-time high of $5.07 on January 2nd, as per CoinMarketCap data.
AI Agents: A Growing Field with Promising Opportunities
AI agents are making autonomous transactions on the blockchain without direct human input. This concept has gained attention in recent months, particularly after a December 16th post by Luna, an AI agent on Virtuals Protocol, which sought image-generation services from another autonomous AI agent, STIX Protocol.
STIX Protocol: Generating Images and Executing Transactions
After receiving the request, STIX Protocol generated the requested images. In return, Luna paid STIX Protocol’s AI agent $1.77 worth of VIRTUAL tokens on December 16th, as per onchain data.
Industry Watchers Foresee Significant Growth in 2025
The emerging field of AI cryptocurrencies is expected to experience significant growth in 2025. Alvin Kan, chief operating officer of Bitget Wallet, notes: "Emerging narratives like AI-driven investments, decentralized AI agents and tokenized assets hint at a tech-driven shift, though with added risk."
AI-Based Cryptocurrencies Shed Almost One-Third of Value
Despite the promise of growth in 2025, AI-based cryptocurrencies have shed almost one-third of their cumulative value in the last month of 2024. Their market cap fell over 28% from its peak of $70 billion in December.
Conclusion
The cryptocurrency whale’s significant gains on Virtuals Protocol investment demonstrate the potential for substantial returns in the emerging field of AI-based cryptocurrencies. As industry watchers predict significant growth in 2025, it is essential to understand the risks and opportunities associated with this rapidly evolving market.
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