Virtuals Protocol, a platform for creating and owning AI agents, has experienced a significant surge in its native cryptocurrency, VIRTUAL, which has risen by 200% over the past month. This growth is largely attributed to increased interest from 'smart money' investors. However, despite this financial success, the platform faces challenges as its revenue has plummeted by over 96% from its peak earlier this year, reflecting a broader decline in demand for AI agents.
Compounding these challenges, Virtuals Protocol has also encountered security issues, including a recent hack of its Discord server and the discovery of a critical bug in one of its audited contracts. Despite these setbacks, the protocol remains relevant in the gaming industry, with Ethereum-based game 'Illuvium' planning to integrate Virtuals Protocol's AI agents to enhance its game characters. These developments highlight the volatile nature of the cryptocurrency and AI markets, where technological advancements and security concerns coexist with fluctuating investor sentiment.
VIRTUAL Cryptocurrency: A 200% Surge Amidst Mixed Signals
October 24, 2025
1 min read
Virtuals Protocol, a platform for creating and owning AI agents, has experienced a significant surge in its native cryptocurrency, VIRTUAL, which has risen by 200% over the past month. This growth is largely attributed to increased interest from 'smart money' investors. However, despite this financial success, the platform faces challenges as its revenue has plummeted by over 96% from its peak earlier this year, reflecting a broader decline in demand for AI agents.