Virtual Protocol, $VIRTUAL coin is trading at $1.73

Virtual Protocol, whose $VIRTUAL coin is trading at $1.73, has seen a huge surge in trading volume, now at $652.85M over 24 hours. This follows a 32.66% increase in price and a 98.70% rise in volume.

The cryptocurrency protocol, which recently expanded from Coinbase's Base chain to Solana, has also seen a steep decline in user engagement, measured by daily active wallets (DAWs), despite the addition of the new network.

On January 2, 2025, the protocol recorded its peak activity with 58,641 DAWs on Base and 2,562 on Solana, totaling 58,641. However, by April 20, DAWs had dropped over 61% to 22,315 on Base and 241 on Solana—totalling 22,556, making it a two-month high.

This decline continued through April 30, with DAWs falling to just 8,328 on Base and 529 on Solana, amounting to 8,857 users—a sharp 84.9% drop from the January peak.

Earlier this month, crypto analytics firm TokenInsight highlighted the rapid increase in demand for creating AI agents in the Virtual Ecosystem.

As the "AI Agents Created (Cumulative)" chart below shows, demand for creating AI agents has cooled off over time.

After a rapid spike from 68 agents in October to 16K agents by mid-January—a rise within just three months—the numbers have since plateaued, holding steady between 16K and 17,695 agents for the past four months.

This indicates that while there was an initial FOMO-driven rush, possibly fueled by hype or speculation, the market has now settled into a consolidation phase.

Despite a 200% price rally over the past two weeks, Virtuals Protocol’s trading volume on decentralized exchanges shows only a modest recovery.

On April 16, 2025, total DEX volume was $3.52 million — $3.29M on Base and $229K on Solana. Two weeks later, on April 29, volume rose to $27.6 million, with $26.4M on Base and $1.17M on Solana.

While this marks a 683% jump in volume, it’s still nearly 90% lower than the January peak of $267.5 million — signaling weak market participation despite the price hype.

Virtuals Protocol’s native $VIRTUAL coin has surged more than 200% over the past two weeks, sparking interest among crypto traders.

As the coin’s price action shows, it’s now approaching a potential peak after a strong rally from $0.60 to reach highs of $1.97.

The on-chain data aligns with this analysis. From the chart, we can identify three completed Base levels that fueled the rapid vertical ascent. This rally commenced around April 10.

It broke Base 1 at $0.60, Base 2 at $1.10, and Base 3 at $1.40 to attain a high of $1.97 by May 1.

Given this aggressive upside, it suggests that the market is entering the Final pump, where $2.00–$2.20 is the projected Sell Point.

This Sell Point is a crucial level to watch—not only due to technical exhaustion, but because RSI is now extremely overbought at 84.75, signalling that price may soon reverse or consolidate.

Additionally, the MACD continues to show a strong bullish crossover with widening histogram bars, confirming momentum, but the angle is steep, indicating a possible cooldown ahead.

If the parabolic rally sustains, we could see VIRTUAL reach its previous high of $2.60 by May 1st week.

However, a failure to break $2.20 could trigger a healthy retracement to support levels at $1.40 and $1.10. Traders should monitor volume and momentum closely while managing profit-taking strategies near the peak zone.