Virtuals Protocol: $2.51 target if Altseason hits~8% chance all factors align

Bitcoin Season (BTC.D ~60%) crushed AI agents; VIRTUAL is -82.7% from Jan highs. The kind of drawdown that separates conviction from FOMO. Last 7 days: small-cap AIXBT +59% while VIRTUAL +16%—the classic “small caps lead, leaders follow” rotation potentially starting.

Small caps pumping first—AIXBT +59% while VIRTUAL lags +16%. Expected value: $1.15 (+29%) base case, $2.51 (+182%) if altseason confirms.

Zero unlock risk: 100% of supply already liquid; no scheduled dilution.

What’s an unlock? Previously non-tradable tokens become sellable, creating selling pressure.

Research Date: October 24, 2025 | Read Time: 9 minutes