VIRTUAL（Virtuals Protocol）24 hours pump 5.51%

Gate News Bot news, on November 6th, according to CoinMarketCap data, VIRTUAL (Virtuals Protocol) is currently priced at $1.41, with a rise of 5.51% in the past 24 hours, reaching a high of $1.89 and a low of $1.22. The 24-hour volume has reached $414 million. The current market capitalization is approximately $928 million, an increase of $48.5 million compared to yesterday.

Virtuals Protocol is a community platform for AI agents. The project aims to build an ecosystem of autonomous AI agents, allowing users to create, interact with, and trade these AI agents. The platform offers features such as an AI agent leaderboard and ACP Butler, supporting users in exploring and utilizing the capabilities of various AI agents.

VIRTUAL recent important news:

1️⃣ Large investor transfers trigger market volatility An important VIRTUAL holding address transferred 7.958 million VIRTUAL (worth approximately $13.45 million) to the institutional service platform Teneo. This large-scale transfer raised concerns in the market, causing the VIRTUAL price to plummet significantly on November 3rd. The address previously acquired 26.42 million VIRTUAL through investments, which has now all been withdrawn, at an average price of $1.54, totaling a value of $40.83 million.

2️⃣ The market shows a rebound after overall adjustment The cryptocurrency market has previously undergone an adjustment, with multiple mainstream coins experiencing varying degrees of correction. VIRTUAL, as one of the popular coins, saw a decline of 14.00% on November 3rd. However, the latest data shows that VIRTUAL has rebounded, rising by 5.51% within 24 hours, indicating an improvement in market sentiment.

3️⃣ New trading pairs launched bring liquidity increase Gate launched the GAME (GAME by Virtuals) spot trading on October 29. The launch of the new trading pair brings more liquidity and exposure to the VIRTUAL ecosystem, helping to attract new investors and users, and may be one of the factors supporting the recent price rise.

From a technical perspective, the current price of VIRTUAL has rebounded from recent lows, showing a certain level of resilience. On the fundamental side, despite experiencing short-term fluctuations due to large investors' transfers, the strategy of Virtuals Protocol to continuously expand trading channels seems to be playing a positive role. However, investors still need to closely monitor the subsequent actions of large holders and the overall market trend to assess potential risks.

This message does not constitute investment advice, and investors should be aware of market volatility risks.