Affected by the overall decline of the cryptocurrency market, VIRTUAL tokens dropped 12% within 24 hours, with the weekly decline expanding to 11%. The open interest in its perpetual contract market decreased by $9.4 million to approximately $76 million, and the weighted funding rate for open contracts sharply turned negative at -0.0411%, indicating a significant increase in short positions. However, spot investors bought approximately $245,000 worth of VIRTUAL during the decline, suggesting that some investors see it as a good buying opportunity. Meanwhile, on-chain activity weakened, with daily active users dropping to around 24,000, and protocol revenue also fell to about $32,000.