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Trader makes $29M from $8.6K $GAME and $CONVO investments

Trader makes $29M from $8.6K $GAME and $CONVO investments

CryptopolitanCryptopolitan2024/12/26 13:22
By:By Florence Muchai

Share link:In this post: An $8,600 investment in GAME and CONVO tokens turned into $29M as their value surged exponentially over two months, driven by Virtuals Protocol growth. GAME by Virtuals saw a 25.07% daily increase and a 154.90% weekly rise, while CONVO surged 221.60% in seven days, outpacing global crypto trends. Virtuals Protocol, launched in October 2024, saw VIRTUAL token surge 6,252%, but activity slowed in December with fewer AI agents launched compared to November.

According to blockchain analytics platform Lookonchain, a cryptocurrency investor recently turned a $8,600 purchase into millions. The investor acquired GAME and CONVO tokens over two months ago, transferred them to a new wallet, and left them untouched. 

Earlier today, Lookonchain revealed that the value of the tokens has surged exponentially, bringing the investor a total of $29 million in profits. 

GAME, CONVO soar as Virtuals Protocol ecosystem projects thrive 

GAME by Virtuals (GAME) is currently priced at $0.2836, with a 24-hour trading volume of $8,049,298. This marks a 25.07% increase in the past day and a 154.90% rise over the last week. With a circulating supply of 1 billion tokens, GAME’s market capitalization has reached $283,578,425, securing its rank at position 311 on CoinGecko. 

Trader makes $29M from $8.6K $GAME and $CONVO investments image 0 GAME/USDT price chart. Source: TradingView

The token hit its all-time high of $0.2893 hours ago, though it has since dipped 11.44% below this peak. Despite the slight correction, GAME continues to attract attention as the third-largest token by market capitalization within the Virtuals Protocol ecosystem. Over the past week, the token has seen a 122% uptick in price, fueled by growing interest in AI agents on the platform.

Meanwhile, Prefrontal Cortex Convo Agent by Virtuals (CONVO) has also shown impressive gains, with a trading volume of $4,563,276 in the past 24 hours, an increase of 79.10% compared to the previous day. 

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Trader makes $29M from $8.6K $GAME and $CONVO investments image 1 CONVO/USDT price chart. Source: TradingView

CONVO’s price has surged 221.60% over the last seven days, outperforming both the global cryptocurrency market, which is down by 1.70% and the Virtuals Protocol Ecosystem average, which is up at +28.80%. 

The token, much like its GAME counterpart, reached an all-time high of $0.07267 today before retreating by 9.82%. The token’s recent performance is evidence of the increasing market activity within the Virtuals Protocol, where tokens like Dora AI (DORA) recorded a percentage increase of over 1000% in seven days.

Virtuals Protocol is a launchpad for AI agents 

Launched in October 2024, Virtuals Protocol has quickly gained traction as a platform for AI agents. These agents, which support text, video, and audio capabilities, are designed for entertainment and content creation. Users can invest in these agents or interact with them using VIRTUAL tokens, the platform’s native currency. 

VIRTUAL tokens are required for minting agents and paying interaction fees. Users can also add them to liquidity pools. For instance, launching an AI agent demands the blocking of 2,400 VIRTUAL tokens. 

The platform’s distinct unique operating model, blending AI functionality with memecoin culture, has attracted significant interest. Key tokens within the Virtuals Protocol include GAME, CONVO, aixbt (AIXBT), Luna (LUNA), and Iona (IONA). 

Since its launch, Virtuals Protocol has seen its VIRTUAL token price skyrocket by 6,252%, from an initial $0.051 to an all-time high of $3.24. After reaching this peak in December, the token experienced a slight correction, trading around $2.93 at the time of reporting. 

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Trader makes $29M from $8.6K $GAME and $CONVO investments image 2 VIRTUAL/USDT price chart. Source: TradingView

Despite this price trajectory, the platform’s activity has shown signs of slowing. Data from Dune Analytics indicates fewer AI agents were launched in December compared to the previous month. Only 4,511 projects have gone live this month so far, compared to November’s 7,681. 

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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