Virtuals Protocol became the most dazzling star in the entire market on December 14, with a 24-hour increase of up to 216.2%. The price skyrocketed from around $14 yesterday to $45.38, followed by a slight pullback to $44.21. The 24-hour trading volume reached $150 million. Relative to its market ranking of 142, this trading volume indicates an unusually active speculative enthusiasm. The project's mainnet is focused on decentralized finance lending, staking, and DEX services on Algorand. The direct catalyst for the surge came from Binance's listing action. Binance announced on November 6 that it would include the FOLKS token in the Binance Alpha Innovation Zone and simultaneously open spot and perpetual contract trading. This dual listing brought massive liquidity and global exposure to the project. The Binance effect has always had a magical influence in the crypto market. Historical data shows that new coins listed on Binance average an increase of between 80% and 200%. Virtuals is clearly at the upper limit of this increase range. Folks Finance, as a core DeFi protocol in the Algorand ecosystem, has its unique advantages at the technical level. The protocol completed a $3 million seed round financing in 2022 and achieved $3.2 million in Series A financing in November 2024, with a total financing of $6.2 million. Investors include well-known blockchain funds. The xChain V2 cross-chain solution launched by the protocol provides an incentive program of over $10 million, aimed at attracting multi-chain users to participate in liquidity mining. The governance tokens are GALGO, FOLKS, and XALGO, with the specific total supply not publicly disclosed. From the market technical perspective, such a drastic increase inevitably comes with high risk. The extremely high turnover rate on that day indicates a surge of short-term funds. This type of market often experiences dramatic fluctuations in the short term. Early buyers may choose to take profits, while those chasing the high face the risk of a pullback. In addition to Binance, Virtuals has also launched perpetual contracts on mainstream exchanges like Bybit and Bitget, with Bybit just going live on December 9. The simultaneous opening of multiple contract markets provides tools for short-selling power.