South Korean investors are abuzz with excitement as VIRTUAL, the native token of Virtuals Protocol, experiences a significant price surge following its listing on Upbit.
VIRTUAL, the native token of Virtuals Protocol, a Base-native AI launchpad, has seen a significant price surge after being listed on South Korea’s leading cryptocurrency exchange, Upbit. The listing has exposed VIRTUAL to altcoin-savvy Korean traders, contributing to its 28% increase in value.
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Upbit is a South Korean cryptocurrency exchange founded in 2017.
It is one of the largest and most popular exchanges in Korea, offering trading pairs for various cryptocurrencies such as 'Bitcoin', 'Ethereum', and 'Litecoin'.
Upbit has gained significant attention for its user-friendly interface and robust security features.
According to reports, Upbit has over 1 million registered users and has traded over $1 billion worth of cryptocurrency.
The price of VIRTUAL surged 28% to $2.65 during European trading hours after Upbit announced support for VIRTUAL trading pairs denominated in USDT, KRW, and BTC. This sudden price jump followed the decision by Upbit to list the VIRTUAL/KRW, VIRTUAL/USDT, and VIRTUAL/BTC markets.
A virtual token is a digital representation of value that exists only in electronic form.
It can be used to represent various types of assets, such as cryptocurrencies, 'such as cryptocurrencies', or even gaming currencies.
Virtual tokens are created and managed using blockchain technology, ensuring secure and transparent transactions.
They can be stored on devices, exchanged for other assets, or used to access services.
The use of virtual tokens has grown significantly in recent years, with applications in finance, marketing, and entertainment.
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, which is a Base native, recently expanded to Solana via LayerZero, launching a Meteora pool to enhance trading and engagement and announcing the creation of a SOL reserve through conversion of 1% of trading fees to SOL.
The listing on Upbit has significantly increased exposure for VIRTUAL, making it accessible to altcoin-savvy Korean traders. This development is likely to have a positive impact on the token’s price and adoption in the region.
