Virtual Protocol (VIRTUAL) Rockets 195% in April—Meme Hype or Sustainable Growth?

Virtual Protocol’s native token VIRTUAL just pulled off a moonshot—a 195% April surge that left even degens blinking. The question now: Is this another ’fundamentals optional’ crypto rally, or does the protocol have legs?

Breaking down the surge: VIRTUAL’s price action mirrors the altcoin market’s risk-on mood, but its Web3 infrastructure play—tokenizing digital identity—might be catching real traction. Or maybe traders just needed a new casino chip after exhausting last quarter’s meme darlings.

Key resistance levels loom ahead. Technicals show VIRTUAL testing its 2024 ATH, while on-chain data reveals whales accumulating—classic pump setup or organic demand? (Cue the ’this time it’s different’ chorus.)

One hedge fund manager quipped: ’Another day, another protocol pretending DeFi needs more governance tokens.’ But with staking APYs still juiced at 28%, the yield farmers aren’t complaining—yet.

Final take: This rocket either refuels at $3.50 support or crashes back to earth. Place your bets—the house always wins, but the altcoin game pays in hopium.

• Virtuals Protocol became the top-performing coin of the month and week, with gains of nearly 195% and 150%, respectively
• Virtuals Protocol’s market cap surged 156.29% in April, crossing the $1 billion mark
• Daily active wallets on Base Network dropped 84.9% from January highs, & Solana saw a 79.3% decline, showing reduced user activity despite price gains.
• The RSI hit 84.75 and MACD shows a bullish crossover, as traders eye $2.00–$2.20 as a key zone for potential correction or breakout.
• DEX volume rose 683% in two weeks to $27.6M but remains 89.7% below January’s peak of $267.5M, reflecting low market depth.

Virtual Protocol, $VIRTUAL coin is trading at $1.73, with a market cap of $1.13B and a 24-hour trading volume of $652.85M, reflecting a 32.66% increase in price and a 98.70% surge in volume.

From Hype to Hold: Virtual Agent Creation Hits a Plateau After Early Surge

Looking at the “AI Agents Created (Cumulative)” chart, we can see that demand for creating AI agents in the Virtual Ecosystem has cooled off over time. After a rapid spike from 68 agents in October to 16K agents by mid-January — a rise within just 3 months — the numbers have since plateaued, holding steady between 16K and 17,695 agents for the past 4 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.

Virtual Protocol Sees Sharp Drop in Daily Active Wallets Despite Expansion to Solana

Virtuals Protocol, has seen a steep decline in user engagement, measured by daily active wallets (DAWs), despite expanding from Coinbase’s Base chain to Solana.

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.

The 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.

Virtuals Protocol Sees 200% Price Jump, But DEX Volume Remains Weak

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—and. Two weeks later, on April 29, volume ROSE to, withand.

While this marks ain volume, it’s still nearlythan the January peak of $267.5 million — signaling weak market participation despite the price hype.

Parabolic Surge in VIRTUALUSD Nearing Exhaustion: Key Profit Zone Ahead for Crypto Traders

Looking at the VIRTUALUSD chart and its on-chain behaviour, the asset is displaying a classic, withfueling a sharp vertical rally. This began around April 10, breaking Base 1 ($0.60), Base 2 ($1.10), and Base 3 (~$1.40) to reach a high ofby May 1. This aggressive upside suggests the market is entering the, whereis the projected.

—not only due to technical exhaustion, but because, signalling that price may soon reverse or consolidate. Additionally, thecontinues 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, VIRTUALUSD could reach itsby. However, a failure to break $2.20 could trigger a healthy retracement to. Traders should monitor volume and momentum closely while managing profit-taking strategies NEAR the peak zone.