Virtual Protocol [VIRTUAL] surged 15.92% in 24 hours following significant ecosystem developments, including the migration of $700 million in tokens from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The move aims to strengthen security after the KelpDAO exploit. Additionally, Robinhood Chain integrated Virtuals’ AI agent infrastructure, expanding its presence in the tokenized AI economy. Trading volume jumped 385.69% to $124 million, while Open Interest rose 35.85% to $70.33 million, indicating fresh capital entering the market. Short liquidations totaled $270,950, far exceeding long liquidations of $95,160, as the breakout challenged key resistance near $0.65.
Virtual Protocol [VIRTUAL] attracted renewed market attention after its price surged 15.92% over the past 24 hours.
The project migrated $700 million worth of VIRTUAL tokens from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This aligns with a broader shift toward Chainlink’s cross-chain infrastructure after the recent KelpDAO exploit heightened security concerns across DeFi. Investors rewarded the decision as a proactive step to strengthen interoperability and reduce cross-chain risks.
Interest also increased after Robinhood Chain integrated Virtuals’ AI agent infrastructure. The integration expanded Virtuals’ presence within the tokenized AI economy.
Market participation accelerated sharply as speculative interest returned alongside the positive ecosystem updates. At the time of press, VIRTUAL’s 24-hour trading volume jumped 385.69% to approximately $124 million.
Derivatives traders also increased exposure, with Open Interest climbing 35.85% to $70.33 million, indicating that fresh capital entered the futures market. Rising spot activity alongside expanding Open Interest often reflected stronger conviction behind the move.
The sharp rally quickly forced bearish traders out of their positions as liquidation data shifted heavily toward short sellers. During the latest reporting period, short liquidations reached approximately $270,950, while long liquidations totaled about $95,160.
Binance recorded the largest share of short liquidations at roughly $157,830. These figures showed that the rapid upside move caught many leveraged bears on the wrong side of the market.
VIRTUAL broke above its descending channel after spending several weeks respecting lower highs and lower lows. The breakout carried the token from support near $0.5134 toward the important $0.6500 resistance zone.
The Relative Strength Index climbed to 59.91, recovering from weaker readings. Price also closed near $0.6284, leaving the recent breakout intact despite approaching resistance.
