The VIRTUAL token has been trending on CoinGecko, gaining huge attention after a major price jump over the last month — especially in the past 24 hours.
But while many are excited about this new AI-themed crypto, others are worried that its rise may be more about hype and whale control than real value.
Price Jumps 300%, But a Few Wallets Own Almost Everything
VIRTUAL has jumped almost 300% in May, including a 46% gain in just one day, trading at around $2.13. But here’s the catch — 93% of all VIRTUAL tokens are held by just 100 wallets, according to blockchain data from Nansen.
That kind of control by a small group of holders (called “whales”) can be risky. If any of them sell large amounts suddenly, it could crash the price — just like we saw in past tokens like SafeMoon, where concentrated holdings led to heavy sell-offs.
Nansen even joked that this token isn’t just concentrated — “it’s vacuum-sealed.”
The Protocol Isn’t Making Much Money
Despite the big price jump, the project itself isn’t bringing in much revenue. On its best day recently, the platform earned only $163,279, which is low for a token growing so fast in value.
This raises concerns — is this token growing because the project is useful, or just because people are jumping on a trend?
A similar pattern was seen during the 2021 bull run, when tokens like BitConnect or Squid Game Coin rose quickly, only to crash hard when real usage or revenue didn’t follow.
AI Buzz and New “Virgin Points” Drive Hype
The excitement around VIRTUAL also comes from its focus on AI agents and a new reward system called Virgin Points.
This system gives regular users a chance to take part in early token sales — a kind of loyalty program. Users earn points by participating in the ecosystem and then use them to access token launches.
According to DWF Ventures, over 4.9 million VIRTUAL tokens have already been committed by more than 10,000 people, and activity peaked on May 5 with over 2,200 transactions in one day.
This system has brought more demand for VIRTUAL tokens — which partly explains the recent price spike.
Speculation or Real Value? Experts Urge Caution
Crypto expert Hitesh Malviya said this might be the “second wave” of AI-focused crypto platforms. But even he agrees that most of the action so far is from speculators — people trying to make quick profits, not necessarily using the tech.
That’s why some analysts are warning that the VIRTUAL rally might not last — especially if large holders (whales) start selling.
What Can We Learn From the Past?
This situation looks similar to previous crypto booms. In 2020–2021, we saw many tokens rise fast on hype — but fall just as quickly when people realized they lacked real use. For example:
- SafeMoon had a huge rise in 2021, then lost over 90% of its value within months.
- BitConnect promised big returns but was exposed as a scam and collapsed in 2018.
- Squid Game Coin went viral in 2021, surged 23,000%, then vanished overnight.
These examples remind us that in crypto, price surges don’t always mean solid projects.
Bottom Line: Be Smart, Stay Cautious
VIRTUAL’s story is exciting, and its price gains are real — but so are the red flags:
- Very few wallets hold most of the supply
- The platform’s revenue is low
- The current hype may not be sustainable
If you’re thinking about getting involved, make sure to do your own research, not just follow the crowd. The coming weeks will show whether VIRTUAL has long-term value — or if it’s just another bubble waiting to burst.
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