VIRTUAL Rallies 207% in 30 Days, Outperforming Major Cryptocurrencies
VIRTUAL, the cryptocurrency of the Base-based Virtuals Protocol, has surged 207% to $1.66 in the past 30 days, outperforming all major cryptocurrencies including Bitcoin. Key points include:
- Increased participation from "smart money" wallets, as reported by Nansen.
- VIRTUAL ranks as the top performer among the top 100 tokens by market value.
- It has attracted smart money inflows of $14.2 million in 30 days and $8.56 million in the past week.
- Other popular tokens for smart money include EBTC, LINK, and PEPE.
- VIRTUAL is currently the most traded token by institutional wallets.
The surge follows the launch of the Genesis launchpad, which rewards genuine contributors using a "proof of contribution" system. This new mechanism encourages staking and active participation in AI projects. Key features of the system include:
- Contribution-based allocations
- Automatic refunds if targets aren't met
- Transparent vesting schedules
Bankless highlights that since the launch, many tokens have seen significant price increases, indicating strong demand and potential for innovative token designs.