VIRTUAL Plunges 12% Amid $7.8M Sell-Off as Geopolitical Fears Weigh
VIRTUAL fell 12.03% over the past 24 hours, dropping from $1.56 to $1.37 after Aerodome LPs sold $7.3 million of the AI token and Bybit funding rates turned sharply negative at -6.0%. Spot trading volumes declined to $680,000 in 24 hours, while active addresses on decentralized exchanges fell to a monthly low of 1,600. The sell-off coincided with heightened geopolitical tensions following U.S.–Israel airstrikes on Iran, amplifying bearish sentiment. Despite a 106% gain on the 90-day Altseason Index, VIRTUAL’s downtrend shows weakening investor confidence. Analysts warn that if selling persists, the token’s position on major indices may slip further and prices could test lower support levels in the coming sessions.
Bearish
The decisive 12% drop after a $7.3M LP exit and negative funding rates on Bybit indicate sustained selling pressure. Falling spot volumes, declining active addresses, and geopolitical volatility have eroded speculative demand for VIRTUAL. Similar sell-offs in AI tokens during heightened market risk have historically led to further downside before stabilization. In the short term, traders may await a relief rally near lower supports, but confidence remains weak, suggesting continued bearish pressure. Long term, VIRTUAL must rebuild on-chain activity and positive catalysts to reverse its downtrend.