January 31, 2025

VIRTUAL Surges 28% as Upbit Listing Exposes the Token to Altcoin Savvy South Koreans thumbnail
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VIRTUAL Surges 28% as Upbit Listing Exposes the Token to Altcoin Savvy South Koreans

by coindesk com01

“VIRTUAL is the native token of the AI launchpad Virtuals Protocol, a Base-native that recently expanded to Solana.”, — write: www.coindesk.com

VIRTUAL is the native token of the AI launchpad Virtuals Protocol, a Base-native that recently expanded to Solana. Jan 31, 2025, 10:06 a.m. UTC

VIRTUAL, the native token of the AI agent generator platform Virtuals Protocol, climbed during European trading hours after Upbit, South Korea’s leading cryptocurrency exchange, said it would list the coin.

The price surged 28% to $2.61, almost testing the downtrend line that characterizes the sell-off from the Jan. 2 record high of around $5.25, data tracked by TradingView and CoinDesk show. The price jump followed Upbit’s decision to list the VIRTUAL/KRW, VIRTUAL/USDT and VIRTUAL/BTC markets, exposing the token to altcoin savvy Korean traders.

Early this month, Virtuals Protocol announced a program to buy back and destroy ecosystem agent tokens using the almost 13 million VIRTUAL tokens accumulated from post-bonding trading income. The protocol, a Base native, recently expanded to Solana via LayerZero, launching a Meteora pool to enhance trading and engagement and announced the creation of a SOL reserve through conversion of 1% of trading fees to SOL.

VIRTUAL price spike. (CoinDesk)VIRTUAL price spike. (CoinDesk)

Omkar GodboleOmkar Godbole is a Co-Managing Editor on CoinDesk’s Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.

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Omkar Godbole

coindesk com

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