VIRTUAL Token Rallies 28% Following Upbit Listing and Expansion to Solana
VIRTUAL, the native token of the AI-driven launchpad Virtuals Protocol, saw a sharp rally during European trading hours after South Korea’s largest cryptocurrency exchange, Upbit, announced its listing.
The token surged 28% to $2.61, nearing a key resistance level after a prolonged sell-off from its January 2 all-time high of approximately $5.25, according to TradingView and CoinDesk data. Upbit’s decision to introduce VIRTUAL trading pairs against the Korean won (KRW), USDT, and BTC has opened the asset to South Korea’s altcoin-savvy investor base, fueling renewed interest.
Earlier this month, Virtuals Protocol launched an initiative to buy back and burn ecosystem agent tokens, utilizing nearly 13 million VIRTUAL tokens accumulated from post-bonding trading revenue. Originally built on Base, the protocol has expanded to Solana via LayerZero, launching a Meteora pool to boost liquidity and engagement. Additionally, the project is establishing a SOL reserve by converting 1% of trading fees into SOL, further solidifying its cross-chain ambitions.
