VIRTUAL (Virtuals Protocol) 24-hour pump 0.77%

Gate News Bot message, July 2, according to CoinMarketCap data, VIRTUAL (Virtuals Protocol) is currently priced at $1.47, with a rise of 0.77% in the last 24 hours, reaching a high of $1.65 and a low of $1.39. The 24-hour volume has reached $145 million. The current market capitalization is approximately $965 million, an increase of $7.35 million from yesterday. VIRTUAL is currently ranked 69th in global Crypto Assets market capitalization.

Virtuals Protocol is a protocol focused on AI agents. The platform allows users to create, build, and own AI agents, and provides a fair launch mechanism that allows all users to participate equally in early access. Virtuals Protocol also offers multiple development tools and resources, including the GAME framework for agent business, the Virtuals Venture ecosystem fund, and the Virtuals Partner Network (VPN) that connects developers with venture partners.

VIRTUAL recent important news:

1️⃣ Governance mechanism upgrade The VIRTUAL Protocol officially launched the governance portal function, allowing users holding at least 0.1% of the total veVIRTUAL to create proposals. Proposals enter the voting phase after a 72-hour public discussion period, with a voting time of 72 hours. The voting results require participation from at least 25% of veVIRTUAL holders to take effect. This initiative aims to enhance community engagement and decision-making transparency, with the potential to strengthen the project's decentralized governance capabilities.

2️⃣ veVIRTUAL voting proxy points system launched Genesis has officially launched the veVIRTUAL voting proxy points (VVAP) mechanism. This system allows veVIRTUAL holders to participate in deciding the distribution plan of 10% of the total points supply per day, which will be allocated to active proxies on the platform. This initiative is expected to encourage more users to participate in the ecosystem construction and enhance the platform's activity.

3️⃣ Initial Governance Proposal Released Virtuals Protocol has released three initial proposals, including the establishment of an ecosystem growth foundation, a sniper defense and revenue fund, and performance-based ecosystem funding to Virgen Labs. These proposals reflect the project team's emphasis on ecosystem development, security protection, and technological innovation, which may have a positive impact on the long-term development of VIRTUAL.

From a technical perspective, VIRTUAL has recently shown a fluctuating pump trend. The current price has broken through the previous support level of 1.39 dollars, and if it can stabilize above the 1.50 dollar mark, it is expected to further challenge the 1.65 dollar resistance level. However, investors still need to be cautious of market volatility risks, especially considering the potential short-term uncertainties brought about by recent changes in the governance mechanism.

This message does not constitute investment advice; investors should be aware of market volatility risks.