Upbit Listing Fuels 28% Surge in VIRTUAL as South Korean Traders Jump In

VIRTUAL Token Soars 28% as Upbit Listing Sparks Korean Investor Interest

VIRTUAL, the native token of AI-focused Virtuals Protocol, saw a sharp price increase on Thursday after Upbit, South Korea’s leading cryptocurrency exchange, announced its listing.

The token jumped 28% to $2.61, approaching a key technical resistance level after retreating from its January 2 record high of $5.25, according to data from TradingView and CoinDesk. Upbit’s move to list VIRTUAL against KRW, USDT, and BTC has introduced the token to South Korea’s highly active altcoin trading community, fueling bullish momentum.

Virtuals Protocol recently unveiled a token burn initiative, using 13 million VIRTUAL tokens collected from post-bonding trading revenue to reduce circulating supply. Originally built on Base, the platform has expanded to Solana via LayerZero, launching a Meteora liquidity pool to boost ecosystem activity. Additionally, the protocol has committed to converting 1% of trading fees into SOL to build a reserve, strengthening its cross-chain presence.