Solana News: Virtuals Protocol Faces Significant Revenue Decline and VIRTUAL Token Plummets

The Virtuals Protocol, an AI-driven platform on Solana, is experiencing a major downturn, with its daily trading revenue crashing and its native VIRTUAL token suffering a steep price decline.

Virtuals Protocol Revenue Crashes as AI Agent Demand Sinks

Virtuals Protocol, an AI agent platform operating on Solana, has seen its daily trading revenue decline from a peak of $1.02 million in early January to $34,792 by late February. The protocol’s native VIRTUAL token has gone through a dramatic 35.2% price decline over the past week, significantly underperforming the broader crypto market. VIRTUAL is now trading 88.8% below its all-time high of $5.07, continuing a prolonged downtrend since reaching its peak in early January 2025. The decline has been attributed to thin liquidity stemming from macroeconomic pressures, unproven utility, oversupply of tokens, and a cooling TradFi AI sector.

Solana ETF Breakthrough and Lightchain AI Presale Success

The recent listing of two Solana futures ETFs by Volatility Shares has sparked discussions about the future of spot ETFs. Meanwhile, Lightchain AI has raised over $17.2 million in 2025’s top presale, leveraging its innovative combination of AI and blockchain technology. The project’s unique approach and presale success position it as a promising investment in the crypto space for 2025, with potential for explosive growth in the coming months.

Solana’s SOL Slips Below Key Price Level

Solana’s SOL entered murky waters as Monday’s broad crypto-market drop sent the token of the high-speed, low cost blockchain diving as much as 8% to $124. That’s less than the realized price of $134 for the first time since May 2022, according to Glassnode data. The realized price is the average cost basis of all coins last moved and current values mean the average holder is underwater, a bearish signal that can trigger panic selling or capitulation. The drop comes as Solana’s validators debate a proposal known as SIMD-0228 that could slash the network’s 4.7% annual inflation rate by 80% to roughly 1.5% over time.

SOL Price Prediction: Could Solana Still Hit $300?

The cryptocurrency market experiences highs and lows, with Solana (SOL) remaining prominent. Known for its fast transaction speeds and scalability, Solana has gained significant attention in the DeFi sector. However, Coldware (COLD), a rising star, is becoming a formidable challenger by focusing on tokenizing real-world assets and providing high-speed financial solutions.