Virtuals Protocol Secures Major Listing, VIRTUAL Coin Shoots Over 20%

VIRTUAL Price shot up 20% instantly after Upbit listing with daily trading volume surging by 100% suggesting bullish momentum to continue.
By Bhushan Akolkar
Virtuals Protocol Secures Major Listing, VIRTUAL Coin Shoots Over 20%

Highlights

  • Virtuals Protocol native crypto VIRTUAL saw 107% increase in daily trading volume, reaching $345 million.
  • Upbit has introduced deposit restrictions, allowing deposits only via the VIRTUAL-Base network.
  • Following the Upbit listing, VIRTUAL's price surged past $2.50, with its market cap surpassing $1.5 billion.

VIRTUAL, the native cryptocurrency of Virtuals Protocol, secured a major listing on the Upbit exchange today. The news was enough to trigger a 20% surge in VIRTUAL price along with a 107% pump in the daily trading volume moving to $345 million. As a result, the fully diluted valuation (FDV) of the digital asset has now soared past $2.34 billion.

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Upbit Announces Virtuals Protocol (VIRTUAL) Trading Support

South Korea’s popular crypto exchange Upbit has announced its support for the trading of Virtuals Protocol (VIRTUAL) tokens in KRW, BTC, and USDT trading pairs. The development has offered a major liquidity boost to the digital asset while driving VIRTUAL price higher.

Virtuals Protocol deposits will only be supported via the VIRTUAL-Base network. Upbit has warned users to confirm the network before initiating deposits, as transactions on unsupported networks will not be processed and may face prolonged refund procedures. Additionally, Ubit announced that it will only allow transfers from verified VIRTUAL asset operators or personally authenticated wallet addresses.

In order to ensure some market stability and prevent FOMO, Upbit exchange has also introduced some trading restrictions for the first five minutes after trading begins. Furthermore, it facilitated only limit-orders during the first hour.

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A Go-To Platform for AI Agents

Virtuals Protocol is a blockchain project that enables co-ownership of AI agents, primarily for gaming and entertainment applications. By tokenizing AI agents, users can co-own these digital entities similar to holding equity in a company.

The platform supports the creation of AI agents, governance participation, and ecosystem engagement through the VIRTUAL token. Use cases include liquidity pairing, AI agent token purchases, payments, and governance activities. As recently reported, the Ethereum-based Virtuals Protocol is also looking for an expansion to the Solana blockchain network.

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VIRTUAL Price Skyrockets Following Upbit Listing

Soon after the Upbit announcement, the VIRTUAL price shot up by 20% surging past $2.50 with its market cap surging past $1.5 billion. Also, the daily trading volume has shot up by 107% suggesting strong bullish momentum. The Coinglass data shows that the VIRTUAL futures open interest has surged by 15% to more than $211 million.

Popular crypto analyst Satoshi Flipper noted that VIRTUAL price has broken out of the descending channel pattern. This sets the stage for a further VIRTUAL rally to its previous all-time high of $5.0 and beyond.

Source: Satoshi Flipper
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Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
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