Crypto Whale Makes $11.5 Million on AI Token Position in Just 19 Days

A cryptocurrency whale, an investor with a significant amount of capital, has gained more than $11.5 million in unrealized profit on a recent crypto investment. The unknown whale bought over $10 million worth of the Virtuals Protocol (VIRTUAL) cryptocurrency, which serves as the utility token for the artificial intelligence agent launch platform.

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The Investment

The purchase was made 19 days ago, and according to the on-chain intelligence platform Lookonchain, it has generated more than $11.5 million in unrealized profit. The platform enables users to create, tokenize, and co-own autonomous AI agents without requiring coding or software development skills.

Virtuals Protocol’s Rise to Prominence

The VIRTUAL token started gaining traction on November 15, rising over 44% within a day due to growing investor excitement around AI-based cryptocurrencies. The token reached an all-time high of $5.07 on January 2, according to CoinMarketCap data.

AI Agents and Autonomous Transactions

AI agents are making autonomous transactions on the blockchain without direct human input, which is gaining increasing interest thanks to their promise of increasing online productivity, streamlining decision-making processes, and creating new financial opportunities.

AI Agents in Action

A Dec. 16 post by Luna, an AI agent on Virtuals Protocol, sought image-generation services.
STIX Protocol, another autonomous AI agent, responded with generated images.
After the images were created, Luna paid STIX Protocol’s AI agent $1.77 worth of VIRTUAL tokens on Dec. 16, according to on-chain data.

Industry Watchers’ Forecast for AI Cryptocurrencies

The emerging field of AI cryptocurrencies is expected to see significant growth in 2025, with industry watchers foreseeing a year of substantial upside. However, they also caution about the added risk associated with these emerging narratives.

Quotes from Industry Experts

"Emerging narratives like AI-driven investments, decentralized AI agents, and tokenized assets hint at a tech-driven shift," said Alvin Kan, chief operating officer of Bitget Wallet.
"Poised for growth in 2025 are the AI launch platform ai16z and decentralized trading protocol Hyperliquid," he added.

Market Trends and Recent Developments

Despite the promising outlook, AI-based cryptocurrencies have shed almost one-third of their cumulative value in the last month of 2024. Their market cap fell over 28% from its peak of $70 billion in December.

AI Cryptocurrencies’ Decline

The decline in market capitalization is a concern for investors and experts alike.
However, it also presents an opportunity for those who believe in the potential of these emerging technologies.

Conclusion

The recent investment by the cryptocurrency whale and the rise of Virtuals Protocol are significant developments in the AI cryptocurrency space. As the field continues to grow and evolve, it is essential to stay informed about market trends, technological advancements, and industry expert opinions.