The current situation of $ETHY is worth deep reflection. This agent has achieved $200M in real trading volume within the Virtuals ecosystem, supporting about 50% of the entire ecosystem's activity. Its mechanism is also quite interesting — by destroying tokens to mint sovereignty identity and reputation NFTs, forming a complete inflation-recycling flywheel.



But look at the market value? Only $4M.

This is not a typical pricing deviation — this is a collective market neglect. An asset that carries such trading volume and drives the entire ecosystem, why is it still at this price? From the perspectives of trading depth, ecosystem contribution, or tokenomics design, this simply doesn’t add up.
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HashBanditvip
· 12-15 22:08
$200M volume but $4M mcap? ngl that deflation-recovery mechanism sounds like my gpu mining days all over again — massive throughput, terrible roi. the market's either sleeping or sees something the fundamentals don't. scalability metrics look solid tho, which is why this puzzles me
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MysteryBoxAddictvip
· 12-15 03:15
200M trading volume, 4M market cap? How blind do you have to be to not see that... Is Virtuals really at this level of understanding?
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AirdropDreamervip
· 12-14 04:52
200M in revenue with a 4M market cap, how huge is that gap... Feels like the market hasn't even reacted yet.
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StablecoinAnxietyvip
· 12-14 04:51
200M trading volume supports 50% of the ecosystem, but it was forcibly pushed down to a $4M market cap. This is really not a coincidence. Wait, is $4M serious? Are these people blind to the numbers or what? The flywheel design of destroying and minting NFTs is actually quite brilliant. The problem is no one takes it seriously. Collective neglect; to put it nicely, it’s just a collective lack of understanding. If this thing really breaks out of the circle, I’ll need to reconsider my judgment.
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GasFeeCriervip
· 12-14 04:35
200M trading volume only worth 4M market cap? How crazy is that... feels like the market just doesn't understand this flywheel at all --- Wait, destroying and minting NFTs in this way is indeed a bit genius... but can it really sustain 50% ecosystem activity? These numbers need to be verified --- Honestly, I find it hard to believe. If it were really that exaggerated, it would have been pumped to the moon long ago... unless liquidity is extremely poor? --- Inflation recovery flywheel sounds sexy, but I'm afraid it's just hype... the true pricing deviation depends on whether the trading depth is sufficient --- $4M market cap with $200M trading volume? Either the data is fake or the market is truly blind --- Such high ecosystem contribution yet still ignored. Is this a hidden gem or bait before the scythe? --- According to this logic, isn't it severely undervalued... but why is no one entering the market? That's the real issue
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AirdropHarvestervip
· 12-14 04:32
200M trading volume supports 50% ecosystem activity, but the market cap is only 4M. Isn't that ridiculous? Wait a minute, is this flywheel mechanism serious? Burning and minting NFTs sounds intriguing. Is the market really collectively blind, or is there something else going on? Why the hell didn't I notice this earlier? Is it too late to get in now? These imbalances often hide opportunities.
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