A significant cryptocurrency whale has made headlines by unloading over $11.5 million in unrealized profit from a recent investment in the Virtuals Protocol (VIRTUAL) token.
The Investment
The unknown crypto whale spent approximately $10 million worth of USDC to purchase 4.25 million VIRTUAL tokens on December 16, according to data provided by Lookonchain. This substantial investment generated an impressive unrealized profit of over $11.5 million in just 19 days.
A whale spent **$10M** worth of USDC to buy **4.25M** $VIRTUAL 19 days ago, which is now worth $21.5M, with an unrealized profit of $11.5M.
Virtuals Protocol: The AI Agent Launch Platform
Virtuals Protocol is a platform that enables users to create, tokenize, and co-own autonomous AI agents without the need for coding and software development skills. This innovative concept has gained significant attention in recent months, with many investors excited about the potential of AI-based cryptocurrencies.
Rise of VIRTUAL Token
The VIRTUAL token started gaining traction on November 15, rising over 44% within a day as investor excitement around AI-based cryptocurrencies grew. The token reached an all-time high of $5.07 on January 2, according to CoinMarketCap data.
AI Agents: Autonomous Transactions on the Blockchain
AI agents are making autonomous transactions on the blockchain without direct human input, streamlining decision-making processes and creating new financial opportunities. This concept has gained attention following a December 16 post by Luna, an AI agent on Virtuals Protocol, which sought image-generation services.
**LUNA virtual protocol**, X post. Source: Luna
Autonomous Transactions
After the images were generated, Luna paid STIX Protocol’s AI agent $1.77 worth of VIRTUAL tokens on December 16, according to onchain data.
**LUNA payments to STIX protocol**. Source: Basescan
Industry Watchers Foresee Significant Upside
Industry watchers foresee a year of significant upside for the emerging field of AI cryptocurrencies. AI agents launch platform ai16z and decentralized trading protocol Hyperliquid are "poised for growth in 2025," Alvin Kan, chief operating officer of Bitget Wallet, told Cointelegraph.
**Emerging narratives like AI-driven investments, decentralized AI agents and tokenized assets hint at a tech-driven shift, though with added risk.**
Market Cap Falls
However, AI-based cryptocurrencies shed almost one-third of their cumulative value in the last month of 2024 as their market cap fell over 28% from the $70 billion peak in December.
Conclusion
The cryptocurrency whale’s significant unrealized profit serves as a testament to the growing interest and potential of AI-based cryptocurrencies. As industry watchers foresee significant upside for this emerging field, investors would do well to keep an eye on developments in Virtuals Protocol and other AI agents launch platforms.
Related Articles:
- 3 Crypto Predictions Going into 2025: SOL ETFs, AI Trading, New Threats
- Top Crypto Investments in 2025: Bitcoin, AI Projects, Tokenized Assets
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