A crypto whale made $11.5M in unrealized profit from a $10M AI token investment in just 19 days, showcasing the growing demand for AI-driven blockchain assets.
Crypto Whale Earns $11.5M in Unrealized Profit
An extremely wealthy investor known as a "whale" in the cryptocurrency market made over $11.5 million in unrealized profit from a recent crypto investment.
Virtuals Protocol (VIRTUAL) is the utility token of the AI agent launch platform, and an unidentified crypto whale just spent over $10 million on it.
Onchain intelligence platform Lookonchain reports that over the last 19 days, the purchase earned almost $11.5 million in unrealized profit.
Virtuals Protocol AI Token Drives Investor Gains
In an X post on January 2, Lookonchain stated, "A whale spent 10M $USDC to buy 4.25M $VIRTUAL 19 days ago, which is now worth $21.5M, with an unrealized profit of $11.5M."
Users without coding or software development experience can utilize the platform to build, tokenize, and co-own autonomous AI bots.
AI-Powered Tokens See Unprecedented Surge
As interest in cryptocurrencies powered by artificial intelligence (AI) continues to soar, the VIRTUAL token began to gain momentum on November 15 and surged 44% in a single day. The token hit a new high of $5.07 on January 2nd, according to statistics from CoinMarketCap.
Blockchain Transactions Revolutionized by AI Agents
On the blockchain, AI agents are conducting autonomous transactions. The potential for AI agents to boost online productivity, simplify decision-making, and open up new avenues for financial opportunity is attracting more and more interest.
Automatic, human-free transactions on the blockchain are already being executed by AI bots.
AI Cryptocurrency Market Remains Volatile
A post by Luna, an AI agent on Virtuals Protocol, seeking image-generation services, on December 16th, brought the subject to the attention of many. Luna paid the AI agent of STIX Protocol $1.77 in VIRTUAL tokens on December 16 after the photographs were made, according to onchain data.
Experts predict that the new area of artificial intelligence cryptocurrency will have a banner year. The decentralized trading protocol Hyperliquid and AI agents' launch platform ai16z are "poised for growth in 2025," according to Bitget Wallet COO Alvin Kan, who spoke with Cointelegraph. "Emerging narratives like AI-driven investments, decentralized AI agents and tokenized assets hint at a tech-driven shift, though with added risk," he added.
Nevertheless, the market cap of AI-based cryptocurrencies dropped more than 28% from its December peak of $70 billion, resulting in a loss of about a third of their total worth in the final month of 2024.
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