Virtuals Protocol [VIRTUAL] has made a significant move by launching its token on the Solana blockchain, expanding its presence in the decentralized finance (DeFi) space. The project has also introduced its official liquidity pool on Meteora, a DeFi platform within the Solana network, further enhancing its ecosystem.
In a recent announcement on X (formerly Twitter), the Virtuals Protocol team shared the news, stating, “In preparation for Virtuals Protocol Solana launchpad, we have successfully bridged to Solana and $VIRTUAL is now tradeable on Meteora.” This marks a pivotal moment for the project as it continues to grow and attract attention within the crypto community.
Following the launch on Solana, a whale made headlines by offloading 4.88 million VIRTUAL tokens at a loss of $4.46 million. This move sparked speculation and market activity, with traders closely monitoring key resistance levels, particularly $1.50, as the next target for buyers. Despite the whale’s sell-off, VIRTUAL remains in high demand, with major exchange listings and increased liquidity supporting market confidence.
In terms of price action, VIRTUAL experienced a notable 18% surge within 24 hours after integrating with Solana, reaching $1.39. However, the token has seen a slight decline over the past week, bringing its market capitalization to $898.36 million with a 24-hour trading volume of $254.25 million. Key resistance and support levels to watch include $1.40 and $1.35, respectively, with potential breakout points for further gains.
Market activity has seen a significant uptick, with VIRTUAL’s trading volume increasing by 60.35% and Open Interest rising by 25.93%. These indicators suggest a bullish sentiment, with Coinalyze data revealing higher highs and higher lows, confirming a strong uptrend for VIRTUAL. Traders are also paying a premium to hold long positions, indicating confidence in further price appreciation.
With bullish momentum in place, VIRTUAL could soon test the $1.50 resistance level if demand continues to rise. However, traders should remain vigilant for potential pullbacks around $1.30, as profit-taking at current levels could lead to temporary corrections before another move higher. Overall, VIRTUAL’s integration with Solana and recent market activity signal a positive outlook for the token’s future performance.