Is VIRTUAL the New Gold? Smart Money Can’t Get Enough! 💰🚀

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  • Smart money holdings in VIRTUAL rose 5.43%, with whale balances up 2.24% in just 24 hours. 🐋💸
  • The AI token sector gained 5.2% in a week, reinforcing VIRTUAL’s position in a capital-rich narrative. 💡💵

So, guess what? Virtuals Protocol [VIRTUAL] is on a roll, extending its bullish streak with a jaw-dropping 90% monthly gain! It’s like the stock market decided to throw a party, and everyone’s invited! 🎉

Market sentiment is buzzing, and smart money is throwing its weight around like it’s the last slice of pizza at a party. With growing interest in AI tokens, VIRTUAL is poised for a potential rally that could make your head spin! 🤯

Smart Money and AI Sector Growth Influence

According to the ever-reliable data from Nansen, there’s a growing gang of smart money investors increasing their positions. You know, the ones who buy low and sell high—like they’re playing Monopoly with real money! 🤑

The amount of VIRTUAL held by these savvy investors rose 5.43% to a whopping 18.72 million tokens. That’s a lot of virtual coins! 💰

And hold onto your hats, because whales are joining the fun too! They’ve increased their holdings by 2.24% to 827,894 VIRTUAL in the last 24 hours. It’s like a whale watching tour, but with more money and fewer binoculars! 🐳💵

This growing interest in VIRTUAL seems to be linked to the broader performance of the AI token sector. At the time of writing, the AI token sector has gained 5.2% over the past week. Talk about a hot trend! 🔥

It looks like the majority of market liquidity is being funneled into this sector, which only enhances VIRTUAL’s rally potential. Buckle up, folks! 🚀

But wait, there’s more! Smart money and whales aren’t the only ones buying VIRTUAL—spot and derivative traders are also getting in on the action. It’s like a financial buffet, and everyone’s piling their plates high! 🍽️

How Invested Are Spot and Derivative Traders?

Spot and derivative traders are mirroring the market’s bullish trend like it’s a dance-off. 💃🕺

The spot market has been strongly bullish on VIRTUAL. Since April 28th, a staggering $32.8 million worth of VIRTUAL has been scooped up from exchanges. It’s like a shopping spree, but with digital coins! 🛒

This accumulation indicates that traders are moving assets into private wallets. Such significant outflows may lead to a short squeeze. Sounds exciting, right? 😏

On top of that, derivatives data is pointing to accelerating momentum. Open Interest jumped 18.57% to $292.17 million in just 24 hours, while trading volume soared 49% to $1.34 billion. It’s like a financial rollercoaster, and we’re all strapped in! 🎢

The futures market is holding a healthy Funding Rate with a reading of 1.0109, indicating a bullish bias. If this trend continues, VIRTUAL’s upward push could draw even more leveraged interest. Hold onto your wallets! 💳

An Odd Sentiment Still Exists on VIRTUAL

Despite all this strength, a brief pullback isn’t off the table. Liquidation Heatmap data shows a potential dip to $2.30—a level that might allow the market to wipe out overexposed longs and reset before the next move up. It’s like a financial detox! 🧘‍♀️

Such a move could represent an opportunity for whales and smart money investors to accumulate at a discount ahead of a major price upswing. It’s like shopping during a sale! 🛍️

Overall, market sentiment remains bullish, and VIRTUAL appears to have more potential to rally than drop. So, keep your eyes peeled and your wallets ready! 💸

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2025-05-29 02:18