Virtuals Protocol, an AI agent platform, has seen a dramatic decline in daily revenue, dropping almost 99% from January 2 to January 21. The rise of meme coins, particularly TRUMP and MELANIA tokens, is believed to be one of the reasons for this decline as they have dominated the market's attention and drained liquidity from other sectors. Social media hype and the dilution of value caused by numerous projects launching at once have also contributed to the revenue drop. Virtuals Protocol now faces the challenge of recovering and attracting new users or luring back those caught up in meme coin frenzy.



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