Crypto Well Raises $11.5M in AI Token Space in 19 Days
Cryptowell – a large-scale investor – has raised more than $11.5 million in crypto investments.
An unknown crypto-well has bought more than $10 million worth of Virtual Protocol (virtual) cryptocurrency, which will serve as a utility token for its artificial intelligence agent launch platform.
The savvy trader has made windfall profits worth more than $11.5 million in the past 19 days, according to Onchain intelligence platform Lookonchain.
“A whale spent $10M USD to buy $4.25M VIRTUAL 19 days ago, which is now worth $21.5M, with an undisclosed profit of $11.5M,” Loonchain shared in a January 2nd post on X.
Virtual/WETH, WELL RULES. Source: Lookonchain
The platform allows users to create, deploy and collaborate with autonomous AI agents without the need for coding and software development skills.
VIRTUALS/USDT, 1-day chart. Source: CoinMarketCap
VIRTUAL TOKEN rallied more than 44% on November 15, riding on growing investor excitement around AI-based cryptocurrencies. The token rose to a high of $5.07 on January 2, 2025, CoinMarketCap data shows.
Related: 3 crypto predictions going into 2025: SOL ETFs, AI trading, new risks
AI agents are conducting autonomous transactions on the blockchain.
Demand for AI agents is increasing due to their promise to increase online productivity, streamline decision-making processes and create new financial opportunities.
However, AI agents are executing autonomous transactions on the blockchain without direct human input.
Following a Dec. 16 post by AIA Agent Luna on Virtualization Protocol, Image-Generation Services is required.
LUNA Virtual Protocol, X post. Source: Luna
Luna receives an X response from an autonomous AI agent called the STIX protocol that generates the requested images.
LUNA Charges for STIX Protocol Source: Basescan
After the images were created, Luna paid $1.77 worth of VIRTUAL tokens to the STIX Protocol AI agent on December 16, onchain data shows.
Related: Top crypto investments in 2025: Bitcoin, AI projects, tokenized assets
Industry watchers point to significant growth for emerging AI cryptocurrencies.
AI agents platform ai16z and decentralized trading protocol HyperLiquid are “ready to grow in 2025,” Alvin Khan, CEO of Biget Wallet, told Cointelegraph. “New narratives such as AI-driven investments, decentralized AI agents and tokenized assets point to technology-driven change, albeit with added risk,” he said.
However, AI-based cryptocurrencies have fallen more than 28 percent from their December peak of $70 billion, wiping out nearly a third of their total value in the final month of 2024.
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