$VIRTUAL Alert about the VIRTUAL Token (formerly PATH)
The VIRTUAL token, listed on Binance, appreciated nearly 500% in less than 10 days. But behind the hype, there are points that every investor needs to know.
WHO ARE THE FOUNDERS?
Jansen Teng and Wee Kee Tiew are the creators. They came from the consulting firm BCG, studied at Imperial College London, and founded PathDAO (formerly a blockchain gaming guild). In 2023, they changed the name from PathDAO to “Virtuals Protocol,” riding the wave of artificial intelligence. As a result, the old PATH token became VIRTUAL at a 1:1 ratio, and all tokens became unlocked (no vesting).
WHAT IS HAPPENING NOW?
Even with the platform registering a decline in usage and revenue, the VIRTUAL token rose almost 5x. Most analysts believe this is due to speculation, not solid fundamentals.
SUSPICIOUS MOVEMENT?
Yes. Large wallets buy low and sell millions of tokens at highs — typical market manipulation behavior. One whale alone made over $5 million in days, while new investors enter at the top.
PRIVATE WALLETS OF THE TEAM?
Yes, they exist. It is estimated that wallets linked to the team or early investors control between 2 to 5 million tokens each. Additionally, the project's treasury (controlled by the DAO, but influenced by the founders) holds up to 35% of the supply.
WAS THERE A LEAK OR FAILURE?
Yes. In January 2025, a serious failure was ignored by the team and was only fixed after public complaint. This dropped the price at the time and shook the confidence of part of the community.
SUMMARY:
- Token changed name: PATH became VIRTUAL.
- Rapid appreciation without a solid foundation.
- Whales profiting and selling at peaks.
- Team with private wallets possibly selling gradually.
- Lack of transparency and a history of ignored failures.
RECOMMENDATION:
Research before investing. Not every project listed on an exchange is a sign of security.