AI Coin VIRTUAL Surges 207% in a Month Amid Increased Smart Money Participation
The native cryptocurrency of Virtuals Protocol, VIRTUAL, has increased by 207% over the past month, outperforming the broader crypto market. Key points include:
- VIRTUAL reached $1.8, a significant resistance level.
- Weekly gains stand at 12.86%, with a market cap exceeding $1 billion.
- Daily trading volume is around $350 million.
- Smart money wallets have contributed $14.2 million in inflows over 30 days, including $8.56 million in the last week.
- VIRTUAL ranks as the top-traded token among institutional and prominent investors.
- Open interest for VIRTUAL surpasses $202 million.
Recent interest is attributed to the launch of the Genesis launchpad, which rewards genuine contributors through a "proof of contribution" mechanism. Key features of the system include:
- Contribution-based allocations.
- Automatic refunds if funding goals are unmet.
- Transparent vesting schedules.
The platform aims to innovate token launches while addressing issues found in traditional systems.