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Virtuals Protocol’s native token, VIRTUAL, recently experienced a significant surge, climbing 28% to $2.61 during European trading hours. This uptick coincided with Upbit, South Korea’s leading cryptocurrency exchange, announcing the listing of VIRTUAL AI token in KRW, USDT, and BTC trading pairs. This move exposes VIRTUAL to South Korea’s altcoin-savvy traders, potentially enhancing its market presence.
Virtuals Protocol is a decentralized AI and Metaverse platform deployed on the Base L2 blockchain. It enables the creation and management of autonomous AI agents. This allows users to deploy, co-own, and interact with AI agents across Web2 and Web3 platforms. This approach bridges traditional and decentralized platforms, promoting co-ownership and incentivizing community participation.
VIRTUAL AI Token
In early January, Virtuals Protocol initiated a program to buy back and destroy ecosystem agent tokens, utilizing nearly 13 million VIRTUAL tokens accumulated from post-bonding trading income. Originally native to the Base blockchain, the protocol expanded to Solana via LayerZero. The team also launched a Meteora pool to enhance trading and engagement. Additionally, they announced the creation of a SOL reserve by converting 1% of trading fees to SOL.
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The recent Upbit listing has provided a significant liquidity boost for VIRTUAL, with daily trading volume surging by 107% to $345 million. This development suggests a bullish momentum, potentially paving the way for VIRTUAL to revisit its previous all-time high of $5.07, recorded on January 2, 2025.
As the AI sector continues to evolve, VIRTUAL’s listing on Upbit signals a potential recovery for AI tokens. With increasing institutional and retail interest, Virtuals Protocol may be poised for its next major move.
