As Virtuals Protocol Price Crashes, This New AI Agent Token Is Growing Fast

AI agent token Virtuals Protocol (VIRTUAL) experienced an over 10% decline in the past 24 hours, trading back under $3 at the time of writing, according to CoinGecko.

Trading volume for VIRTUAL has also dropped significantly in the past week. This decrease in market activity signals a potential loss of investor interest and could further exacerbate the price decline.

This downturn comes amidst a broader sell-off within the Virtuals Protocol ecosystem, with key players like GAME by Virtuals (GAME) plunging by over 18%. 

Luna by Virtuals (LUNA) also declined by 11%, and other ecosystem tokens, including Prefrontal Cortex, VaderAI, Olyn, and aixCB, experienced double-digit losses.

VIRTUAL Faces Bug Concerns 

The decline in VIRTUAL's price and trading volume can be attributed to several factors, including a recent bug disclosure.

Two critical bugs have been identified within the Virtuals Protocol, raising concerns among investors.

The first bug, which poses a high risk in the long term, allows snipers to exploit new token launches. This vulnerability could severely disrupt the launch process and erode investor confidence.

The second bug, presenting a high risk in the short and medium term, allows users with significant token holdings to manipulate Uniswap v3's liquidity mechanisms. This could lead to significant price volatility and destabilize the token's value.

In response to the identified bugs, Virtuals Protocol has temporarily disabled token migrations, the company said in its X post from Jan. 17, adding: “We've been made aware of an issue involving migrated tokens on Virtuals. Several tokens migrated earlier today were mintable, therefore the creator was able to mint additional tokens and sell into the liquidity pool created on Virtuals.”

The team is currently integrating an audit service to filter out scam tokens and enhance user security.

MIND of Pepe Presale Gains Traction as VIRTUAL Faces a Downturn

While Virtuals Protocol and its ecosystem tokens are experiencing a downturn, another AI-powered project, MIND of Pepe ($MIND), is making waves in the crypto space.

$MIND is a new meme coin on Ethereum that takes a unique approach to crypto investing by using an AI agent to navigate and potentially influence market trends. 

Launched on Jan. 13, MIND of Pepe’s presale garnered over $1 million within the first 24 hours, with the total raised currently standing at nearly $1.85 million.

MIND of Pepe enters the burgeoning AI crypto niche with a distinct feature: an AI agent designed to go beyond mere number crunching. Imagine a digital crypto guru adept at analyzing market trends and actively engaging in online discussions. This AI agent meticulously scours social media conversations and blockchain data to identify trends, sometimes even before they gain mainstream traction.

Holders of $MIND gain access to exclusive benefits. These include receiving valuable insights driven by AI technology and early access to new tokens potentially created by the AI agent itself. 

Early investors have the opportunity to acquire $MIND tokens at a discounted price of $0.0031384 each during the ongoing presale stage. The MIND of Pepe team facilitates purchases using ETH, USDT, BNB, or even credit cards.

Presale participants can also leverage staking to earn additional §MIND tokens before the official launch. Since the presale commenced, over 281 million tokens have been locked up for staking.

According to the MIND of Pepe whitepaper, the team plans to list $MIND on a decentralized exchange (DEX) and potentially a centralized exchange (CEX) to enhance token’s accessibility. The project has also allocated 10% of the token supply for exchange liquidity and 20% for a post-listing marketing campaign.

View MIND of Pepe here