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AI agent platform Virtuals revenue plunges to $500 a day with token down 90%

Virtuals Protocol, an AI agent creation and monetization platform once valued in the billions, has seen its daily revenue drop to just $500, down from over $500,000 in January when its token hit a peak of $4.61.

Researcher Sharples noted on April 8 that no new AI agents have launched on the platform in about a week, a sharp decline from the 1,000 daily launches in late November.

The token price has since fallen to $0.42, reflecting waning demand for crypto AI agents.

The total AI agent market cap is $153.81 million, with AIXBT, a sentiment analysis agent, comprising half but dropping 92% from its $0.90 high in January to $0.07.

Virtuals’ struggles align with a broader crypto and global market downturn, exacerbated by U.S. tariffs under President Trump, though some, like Infinex’s Kain Warwick, suggest AI could rebound despite its “garbage” first iterations. Show Less

https://cointelegraph.com/news/ai-agents-virtual-revenue-plunge-token-price-decline
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