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VIRTUAL’s revenue drops 99% – Will recovery be elusive?
The virtual protocol has suffered a catastrophic drop in revenue, with the numbers plummeting by a staggering 99%. This drastic decline is attributed to a significant decrease in network activity and demand for AI agents. The data suggests that the number of new agent creations has come to a near-halt, with only one new AI agent created in the past week.
The virtual ecosystem’s revenue had previously reached an impressive $500,000 daily high in December 2024 and early January 2025. However, this momentum has been lost, with the current revenue standing at a paltry $500 as of April 2025. This represents a decline of over 99%, signaling a dire need for a turnaround.
In addition to the decline in revenue, there has been an equally severe downturn in network activity. In its heyday, the platform would churn out over 1,000 AI agents per day, but this figure has plummeted to just one new agent creation in the past week. The data suggests that the virtual ecosystem is on life support.
The precipitous decline in demand for AI agents has also had a devastating impact on VIRTUAL’s market capitalization and token value. The token price has dropped by an alarming 91% from its peak of $5 to an abysmal $0.45. This represents a contraction in market cap from the previous high of $5 billion to a mere $292 million.
The current state of affairs presents a bleak outlook for investors, with an overwhelming 75% of holders (372 million VIRTUAL) currently operating at a loss. Only 21% of users are now in profit, leaving many investors caught between a rock and a hard place. This could lead to a situation where some investors hold off on selling their tokens until they break even, reducing further downside risk. However, if the token price were to recover, it is possible that this relief rally would tempt investors to sell once they are back in profit, potentially triggering additional selling pressure.
In light of these developments, traders will be watching closely for any signs of a recovery. One potential level of resistance that may trigger selling pressure is at $0.6-$1, as 153 million VIRTUAL tokens were bought at this level, posing a significant hurdle for the token’s price to overcome.
Source: https://ambcrypto.com/virtuals-revenue-drops-99-will-recovery-be-elusive/
