Virtuals Protocol (VIRTUAL) surged 15% following Binance’s listing announcement, briefly reigniting bullish sentiment around the AI-linked token. However, the rally may be masking deeper concerns about the project’s fundamentals and long-term viability. On-chain data reveals weak user activity and declining protocol engagement, raising questions about whether the price move is sustainable. VIRTUAL’s Binance-Fueled Rally Masks Weak On-Chain Fundamentals Despite the recent price surge fueled by the announcement of a Binance listing, on-chain data suggests that Virtuals Protocol (VIRTUAL) is facing significant challenges in terms of user adoption and protocol activity
source: https://beincrypto.com/virtuals-protocol-surges-binance-listing/