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VIRTUAL Token’s 300% Surge Faces Scrutiny Over Whale Dominance
VIRTUAL Token’s 300% Surge Faces Scrutiny Over Whale Dominance
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VIRTUAL, an AI-themed cryptocurrency, has surged nearly 300% in May, with a 46% spike in the last 24 hours alone. Trading at $2.13, the token now trends on CoinGecko—but its rally masks alarming centralization risks.
Blockchain analytics from Nansen reveal the top 100 wallets control 93% of the supply. "This isn’t just concentrated—it’s vacuum-sealed," the firm noted, highlighting a 14.35% increase in Smart Money holdings. Such extreme whale accumulation typically precedes volatile price swings.
The token’s fundamentals appear weak despite AI HYPE fueling its ascent. Market observers warn this could be a classic case of artificial pump dynamics rather than organic growth.
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