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Home»ALTCOIN NEWS»It is a virtual sky rocket, but 93%of the supply is controlled by whales.
ALTCOIN NEWS

It is a virtual sky rocket, but 93%of the supply is controlled by whales.

By Crypto FlexsMay 9, 20254 Mins Read
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It is a virtual sky rocket, but 93%of the supply is controlled by whales.
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Virtuals Protocol (Virtual) is a trend token of Coingecko.

However, the head changes in the concern that whale control, weak foundations and over -advertising can be fueled for volatile rally.

Virtual whale Holdings increases the timely manner

Virtual, a rapidly rising AI theme token, surged almost 300% in May, up 46% over the last 24 hours. According to the trend in Coingecko, data is traded at $ 2.13 at the time of writing.

Virtual price performance. Source: Coingecko

However, there is a concentration of difficult power after the oil price behavior. According to Nansen, a Blockchain analytics company, the top 100 wallets now have 93%of Virtual’s total supply.

Nansen said in a post about X (Twitter), “This is not just concentrated, but vacuum sealing and smart money holdings? UP +14.35%,…

Virtual token holder metrics. Source: Nansen on X
Virtual token holder metrics. Source: Nansen on X

Despite the over -advertising, Virtual’s basic protocol revenue tells a different story. According to Dune Analytics, sales reached at $ 163,279 on Thursday, which is relatively low for tokens that have soared more than 300% over the last 30 days.

Virtual protocol revenue
Virtual protocol revenue. Source: Dune dashboard

The rapid break between price audit and actual profit generation raised concerns about sustainability, especially as a small number of large holders dominate the supply.

One user said, “The price has been pumped three times since April 20, but the protocol revenue looks like this.

Based on the feelings of X, dumping interest in the AI ​​agent platform of the virtual protocol can affect the virtual price surge. Some analysts called the “second wave” of the distributed AI, explaining that the encryption analyst, HITESH MALVIYA, is increasing in the protocol.

Malviya said, “The second wave of the AI ​​agent is here, and a new mechanism is developed in a new type of virtual protocol, a better agent lineup, a fair launch mechanism, and a Virgin Points.

Virgin Points generates new demands for virtual tokens

VIRGIN POINTS is a new royalty -based allocation system that allows retailers to access early token launches. This point allows users to pledge tokens in return for capping allocation that creates more fair participation.

DWF Ventures said, “We use the contribution system to replace the bonding curve to compensate users based on the participation of ecosystems through VIRGEN POINTS and $ Virtual Token.In early May early May, 8,300 unique addresses and 18,900 transactions recorded 2,274 transactions on May 5 on May 5. I recorded.

According to Dune on Dune, more than 10,000 participants have committed more than 4.9 million virtual tokens. This data also shows an average of 250,000 tokens. This mechanism seems to create new demand for virtual.

“The new demand for tokens has been rising recently. Tokens have increased 3.7 times over the last 30 days.”

Virtual Government Start
Virtual Genesis begins. Source: Malviya on X

However, the combination of whale dominance, crazy profits and rapid price hikes raises questions about the long -term survival of token evaluation.

Increased smart money activities are noteworthy, but they can easily indicate opportunistic guesses rather than deep beliefs.

Virtual’s rally is consistent with the broader rebound of Altcoins, with an improved market sentiment. However, tokens have strictly retained and relatively low protocols can increase volatility. This is especially true if a larger holder begins to benefit.

The story of AI innovation and distributed participation is powerful, but data such as Virtual’s weather should be careful.

As the attention is strengthened, we will test whether this price surge in the next few weeks reflects the actual utility or another speculative bubble.

disclaimer

By complying with the Trust Project guidelines, Beincrypto is dedicated to unbiased and transparent reports. This news article aims to provide accurate and timely information. However, readers should check the facts independently and consult with experts before making a decision based on this content. Our Terms and Conditions, Personal Information Protection Policy and Indemnity Clause have been updated.

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