STORY

Virtuals/Base frog-agent with a year-old pool, eight-digit holder count, and a Ribbit/Virtuals hook that keeps it on Base boards when AI-agent tape rotates. It is off ~14-20% on the day with still-real volume, so the clip is there. Smart-money notes also show trims, which is why this is a stalk at the shelf instead of a tap-through.

CHART

Now

227.75M market cap (−19.2% 24h)

Clip

yes

Buyer shelf

~$200M MC [$0.20]

Why that shelf matters

older Virtuals holders and Base retail flow have repeatedly shown up after 15-20% agent-tape washouts

Invalid

~$150M MC [$0.15] if trims accelerate and daily volume cannot hold seven figures

LATE FILL

yes — a worse fill into the high-100s MC still fits the agent-holder bid; a clean break of 150M does not