VIRTUAL (Virtuals Protocol) fell 6.46% in the last 24 hours.

Gate News Bot news, July 1, according to CoinMarketCap data, VIRTUAL (Virtuals Protocol) is currently reported at $1.48, falling 6.46% in the last 24 hours, with a high of $1.72 and a low of $1.39. The 24-hour volume reached $184 million. The current market capitalization is approximately $969 million, a decrease of about $66.8923 million from yesterday.

Virtuals Protocol is a social platform focused on AI agents. The protocol allows users to create, hold, and trade AI agents, fairly launching new AI agent projects through the Genesis launch mechanism. Virtuals also provides a GAME framework for agent business development, as well as a venture capital fund aimed at the Virtuals ecosystem.

Recent important news about VIRTUAL:

1️⃣ Whale selling pressure intensifies The liquidator of Three Arrows Capital, Teneo, transferred 1.5 million VIRTUAL (approximately $2.42 million) to the exchange, which may face selling pressure. Another whale, after receiving a $1.61 million VVV airdrop, still cleared 4.251 million VIRTUAL at an average price of $0.56, totaling a loss of $6.54 million. These large-scale selling actions have exerted short-term pressure on the VIRTUAL price and are one of the main reasons for the recent fall.

2️⃣ Market sentiment fluctuations As the conflict between Israel and Iran eases, global financial markets are generally recovering. VIRTUAL saw a significant increase of 23% on June 30, prompting some investors to take profits. However, large investors continue to increase their holdings, indicating strong confidence in VIRTUAL's future growth prospects. This volatility in market sentiment has led to sharp fluctuations in prices in the short term.

3️⃣ Trading activity remains high VIRTUAL 24-hour volume reached 184 million USD, indicating that market participation remains high. Recently, a certain whale sold 2.69 million VIRTUAL at an average price of 1.3 USD, exchanging for about 3.5 million USDC, further increasing market liquidity. The high volume reflects the ongoing attention the market has on VIRTUAL, but also intensifies price volatility.

From a technical perspective, VIRTUAL is challenging the resistance level of the 50-day moving average at $1.71. If it can break through this level, it may continue its upward trend towards the $2.00 round number. However, investors should remain vigilant to potential pullback risks, especially considering the recent large-scale sell-off.

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