VIRTUAL, the native token of Virtuals Protocol, a platform for creating AI agents, now ranks as a top 100 cryptocurrency after surging 147% over the past week.
The token now boasts a market cap of nearly $938.3 million, ranking as the 94th-largest crypto asset. The milestone marks the first time VIRTUAL has ranked among the top 100 crypto assets by market cap in eight weeks.
VIRTUAL suffered a violent sell-off after posting a record-high market cap of $4.61 billion on January 2, ranking 32nd among crypto assets at the time. However, the token tumbled 94% to post a local low of $285 million on April 7.
Despite the brutal downtrend, VIRTUAL has since bounced back with a strong rally. The token’s price is up 234.5% from the local low, last changing hands for $1.46.
VIRTUAL/USD price chart. Source: CoinGecko.
The move coincides with an uptick in the revenue generated by Virtuals AI agents, which raked in $120,292 on April 28 — the highest daily revenue since February 6, according to Dune.
The rally follows the project unveiling a new fee structure on March 29, with agent creators now receiving 70% of protocol trading fees.
Binance.US also launched trading for the token on April 29.
VIRTUAL leads sector-wide stir among AI agents
Virtuals Protocol isn’t the only AI agent project mounting a comeback, with AI16Z also rallying 119% over the past week.
ElizaOS (AI16Z) similarly topped out in early January with a $2.53 billion market cap and shed 95.6% before posting a local low of $110.4 million on April 7. The project’s AI agents currently manage more than $20 million worth of assets on behalf of investors.
Goatseus Maximus (GOAT), a token inspired by the Truth Terminal AI agent, is also up 56.4% in seven days. GOAT made waves in November when it became the first token associated with an AI agent to break above the $1 billion market cap barrier. The token’s market cap is now $86.3 million, up 228% from $36.3 million on April 7.
Fartcoin, another token inspired by Truth Terminal, has steadily gained ground since bottoming out on March 11. The token’s market cap currently sits at $1.09 billion, marking a nearly 400% gain in four weeks.
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