VIRTUAL Token Soars 28%: Is This the Next Big Thing or Just Hype?

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So, Upbit, South Korea’s biggest crypto exchange, decided to list VIRTUAL, the token of the Virtuals Protocol. You know, that blockchain thingy focused on AI and the metaverse. Because, of course, we need more of those. 🚀

VIRTUAL is now trading against the Korean won, Bitcoin, and Tether. Because why not? The token will be available on Jan. 31 at 20:00 KST, priced between 2,971 won ($2.04) and 2,984 won ($2.05). Because precision is key when you’re dealing with virtual money. 💰

VIRTUAL Gains Momentum but Price Volatility Remains

After the listing news, VIRTUAL jumped 28%. But, like a kid on a sugar high, it’s since cooled off, now trading around $2.40. Still up 13% in the past 24 hours, though. Not bad for a token that’s basically digital Monopoly money. 🎢

VIRTUAL has been on a roll lately. It entered the top 100 cryptocurrencies in November 2024, hitting a $1 billion market cap. Within 24 hours, it grew by 50%, reaching $1.78 billion. Because, you know, crypto logic. 📈

Are you keeping an eye on the @virtuals_io Protocol Ecosystem coin category? 👀

Its market cap soared by 50.4% today, reaching $1.78B, as $VIRTUAL surpassed a $1B market cap yesterday.

Check it out ➡️

— CoinGecko (@coingecko) November 29, 2024

VIRTUAL hit an all-time high of $5.25 in January 2025 before pulling back. Because what goes up must come down, right? 🎈

Upbit’s listing is expected to boost VIRTUAL’s growth. The exchange controls a big chunk of the South Korean market. And Bithumb, another South Korean exchange, listed VIRTUAL in November 2024. Because FOMO is real. 📊

A Buyback Program

VIRTUAL is also available on international platforms like Bybit and KuCoin. Because global domination is the goal. 🌍

The Virtuals Protocol has a buyback-and-burn program. They use revenues from AI agents to repurchase and burn tokens, reducing supply and potentially increasing value. Because nothing says “trust us” like burning your own money. 🔥

As of January 15, 2025, they’ve accumulated about 12,990,428 VIRTUAL tokens (worth around $48 million) through post-bonding transaction fees since October 16. These funds are used to repurchase and burn 25 types of AI agent tokens. Because why not make things even more complicated? 🤷‍♂️

The buyback process takes 30 days, using a time-weighted average price to ensure fair market value. The largest burns are planned for tokens like GAME (1.6 million tokens), CONVO (1.1 million tokens), and AIXBT (880,000 tokens). Because, you know, priorities. 🎮

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2025-01-31 18:15