VIRTUAL Token Drops 12% as Geopolitical Risks Trigger Market Sell-Off
VIRTUAL Protocol's token (VIRTUAL) fell 12.03% over 24 hours, dropping from $1.56 to $1.37 amid geopolitical tensions and heavy institutional selling. Aerodome liquidity providers offloaded $7.3 million in tokens, while spot markets recorded $680,000 in sell orders.
The decline extends a June downtrend, though VIRTUAL remains up 106% quarterly on the Altseason Index. U.S.-Israel airstrikes on Iran late June 21st heightened risk aversion across crypto markets, particularly affecting speculative assets.
Both centralized and decentralized exchange activity showed weakening demand, with DEX volumes plummeting and spot trading interest fading. Analysts caution that bearish momentum may intensify as technical support levels deteriorate.