Key Points:
- The VIRTUAL token rose by 28% to $2.65 during the European morning.
- Upbit has announced support for VIRTUAL trading pairs in USDT, KRW, and BTC.
VIRTUAL is the token representing the Virtuals Protocol, a platform that generates AI agents. The coin’s value surged during European trading hours after Upbit, South Korea’s leading cryptocurrency exchange, announced its listing.
The price jumped by 28% to $2.61, approaching the downtrend line from the January 2 high of approximately $5.25, according to TradingView and CoinDesk data. The increase was driven by Upbit’s decision to open trading for VIRTUAL against KRW, USDT, and BTC, giving the token exposure to Korean traders familiar with altcoins.
Earlier this month, the Virtuals Protocol announced a plan to buy back and destroy ecosystem agent tokens using nearly 13 million VIRTUAL tokens accrued from post-bonding trading revenues. This protocol, which is based on Base, recently expanded to Solana via LayerZero. The initiative includes launching a Meteora pool to enhance trading and engagement as well as creating a SOL reserve by converting 1% of trading fees to SOL.
VIRTUAL price spike. (CoinDesk)
