Virtuals Protocol, a platform for creating and owning AI agents, has experienced a dramatic 200% surge in its native cryptocurrency, VIRTUAL, over the past month, driven by increased interest from 'smart money' investors. However, this financial success contrasts sharply with a significant decline in platform revenue, which has plummeted by 97% due to waning demand for AI agents.
Compounding these challenges, the Virtuals Protocol Discord server was recently hacked, highlighting security vulnerabilities despite a critical bug being fixed in an audited contract. Despite these setbacks, the protocol's AI agents are set to play a pivotal role in enhancing game characters for Ethereum-based game 'Illuvium,' suggesting potential future growth avenues. The mixed developments underscore the volatile nature of the cryptocurrency and AI sectors, where rapid gains can coexist with operational challenges.
VIRTUAL Cryptocurrency: A 200% Surge Amidst Challenges
October 27, 2025
1 min read
Virtuals Protocol, a platform for creating and owning AI agents, has experienced a dramatic 200% surge in its native cryptocurrency, VIRTUAL, over the past month, driven by increased interest from 'smart money' investors. However, this financial success contrasts sharply with a significant decline in platform revenue, which has plummeted by 97% due to waning demand for AI agents.