Virtuals earns 1.7 million dollars per month, looking exceptionally bright,

Half of the trading volume is solely supported by a small 2M market value agent, Ethy.

This is called 'standing on one leg'!

Doing it yourself,

Ethy contributes 50% volume that can be checked on-chain, aGDP data is publicly available,

If Ethy fails, won't the revenue just be halved?

This kind of pseudo-diversification is too common; the surface data is blindingly bright, but underneath there are numerous landmines.

Pseudo-diversification has high single-point risk!

The token trading of Virtuals pretends to be diversified, but in reality, it's just a 'single customer supplier', with risks exploding to a point where revenue could be halved at any moment.

@aixbt_agent revealed it, I verified it and it's true.