The daily trading volume increased, indicating favorable momentum, and the VIRTUALS Protocol Price surged by 20% immediately following the Upbit listing.
Today, VIRTUAL, the native cryptocurrency of Virtuals Protocol, was granted a significant listing on the Upbit exchange. The news was sufficient to induce a 20% increase in the price of VIRTUAL and a 107% increase in the daily trading volume, which reached $345 million. Consequently, the digital asset’s fully diluted valuation (FDV) has now exceeded $2.34 billion.
Virtual Protocol (VIRTUAL) Trading Support Announced by Upbit
Upbit, a prominent cryptocurrency exchange in South Korea, has endorsed the trading of Virtuals Protocol (VIRTUAL) tokens in KRW, BTC, and USDT trading pairs. The development has significantly increased the liquidity of the digital asset and has also driven the VIRTUAL price higher.
The VIRTUAL-Base network will be the sole method of supporting Virtuals Protocol deposits. Upbit has cautioned users to verify the network before making deposits, as transactions on unsupported networks will not be processed and may result in lengthy refund procedures. Furthermore, Ubit declared it would exclusively permit transfers from personally authenticated wallet addresses or verified VIRTUAL asset administrators.
Upbit Exchange has implemented trading restrictions for the initial five minutes following the commencement of trading to maintain market stability and prevent FOMO. Additionally, it permitted only limited orders during the initial hour.
A Platform of Choice for AI Agents
Virtuals Protocol is a blockchain initiative that facilitates the co-ownership of AI agents, with a primary focus on gaming and entertainment applications. Users can co-own these digital entities in a manner comparable to holding equity in a company by tokenizing AI agents.
Through its VIRTUAL token, the platform facilitates the development of AI agents, ecosystem engagement, and governance participation. Liquidity coupling, payments, governance activities, and the acquisition of AI agent tokens are all potential use cases. The Ethereum-based Virtuals Protocol is also seeking an expansion to the Solana blockchain network, as was recently reported.
The price of virtual goods has experienced a significant increase as a result of the Upbit listing
The VIRTUAL price experienced a 20% increase shortly after the Upbit announcement, surpassing $2.50 and $1.5 billion in market capitalization. The daily trading volume has also increased by 107%, indicating a robust bullish trend. The VIRTUAL futures open interest has increased by 15% to exceed $211 million, as noted in the Coinglass data.
A prominent cryptocurrency analyst, Satoshi Flipper, observed that the VIRTUAL price has exited the descending channel pattern. This establishes the foundation for an additional VIRTUAL rally to its previous all-time high of $5.0 and beyond.
