VIRTUAL, the native digital asset of Virtuals Protocol, a platform used to create AI agents, has now re-entered the top 100 cryptocurrency category after a massive 147% surge in the past week. The token now has a market cap of $938 million, ranking as the 94th largest digital asset in the market. The milestone marks the first time VIRTUAL has taken that spot in the market in the last eight weeks.
VIRTUAL suffered a brutal sell-off after posting a record-high market cap of $4.61 billion on January 2, taking the 32nd spot among the digital assets at the time. However, the token stumbled, dropping by 94% to post a low of $285 million on April 7. Despite the big drop, VIRTUAL has since bounced back with a strong rally, with the token’s price up by 234%, selling for $1.46.
VIRTUAL leads sector-wide rally among AI agents
The move also coincides with the rise in 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 also comes after the project unveiled a new feel 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.
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 insured by Truth Terminal, also saw a steady climb since bottoming out on March 11. The token saw a 400% gain in the last four weeks, pushing its market cap to $1.09 billion.
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