VIRTUAL Jumps 28% After Upbit Listing Brings Fresh Liquidity from South Korea
VIRTUAL, the native token of AI-powered Virtuals Protocol, surged 28% in European trading hours on Thursday after South Korea’s top crypto exchange, Upbit, announced its listing.
The price spiked to $2.61, briefly approaching a key resistance level after its downtrend from the January 2 all-time high of $5.25, according to TradingView and CoinDesk data. The listing introduces VIRTUAL to Upbit’s highly active altcoin market, with new trading pairs against the Korean won (KRW), USDT, and BTC.
Earlier this month, Virtuals Protocol revealed a strategic initiative to buy back and burn 13 million VIRTUAL tokens, sourced from post-bonding trading revenue, to reduce supply and strengthen tokenomics. Originally built on Base, the protocol recently expanded to Solana via LayerZero, launching a Meteora liquidity pool and establishing a SOL reserve by converting 1% of trading fees into SOL.
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