Virtual Protocol’s price has been on a tear lately, drawing major attention after a huge price run. According to Gerhard from the Bitcoin Strategy YouTube channel, who has over 136,000 subscribers, VIRTUAL price shot up by 146.51% over the past week. Even in just the last 24 hours, trading volume has jumped by 50%, showing growing interest. At writing, VIRTUAL is trading around $1.42, but the big question remains: how long can this momentum last?
However, it turns out this rally isn’t being powered by traditional buying in the spot market. Gerhard points out that it’s mostly leveraged bets on perpetual futures that are behind the move. Open interest, meaning the total amount of outstanding bets, has been climbing sharply. Meanwhile, Virtuals Protocol trading volume has hit over $1 billion per day.
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As the price rises, short sellers, those betting on a price drop, are being forced to close their positions, triggering even more buying pressure. Interestingly, even with all this excitement, Virtuals Protocol still isn’t trending on DEX Screener, hinting that most of the action is happening through market makers and centralized exchanges instead of decentralized platforms.
What you'll learn 👉
Virtuals Protocol Big Liquidity Moves and Ecosystem Effects
Virtuals Protocol originally launched on the Base chain, but most of its liquidity has now moved to Solana. This shift matters because it puts more control into the hands of centralized players who can more easily move the price.
The broader Virtuals Protocol ecosystem, including various smaller projects tied to it, also surged about 67.7% over the past day. But Gerhard notes this isn’t because of fresh demand for those ecosystem tokens. Since many of them are paired against VIRTUAL rather than against stablecoins or Ethereum, when VIRTUAL’s price moves, they all follow automatically.
It’s VIRTUAL Leverage, Not New Users, Driving the Rally
Looking deeper, there’s no major increase in user activity behind the surge. Trading volumes have risen, but the number of active traders has stayed relatively low. Gerhard explains that VIRTUAL price action is mainly driven by leveraged futures and short squeezes, not by a wave of new users adopting Virtual Protocol.
This creates a fragile situation. As long as leveraged bets stay strong, the rally could continue. But if momentum slows, things could turn volatile very quickly.
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For those jumping in, Gerhard recommends using a trailing stop-loss strategy to protect gains as the Virtuals price rises. Since this rally has seen minimal pullbacks so far, with only about 8–9% maximum drawdowns, it’s important to stay active.
While Virtuals Protocol price has put up impressive numbers lately, history shows that rallies fueled mainly by leverage can reverse fast. If you’re trading VIRTUAL right now, smart risk management could make all the difference.
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