AI Agent Token VIRTUAL Surges 28% Following Upbit Listing

VIRTUAL, the native token of the Virtuals Protocol, recently surged by 28% following the announcement by South Korea’s leading cryptocurrency exchange, Upbit, to list the token.

The Upbit listing injected considerable momentum into VIRTUAL’s trading activity, resulting in a price increase of 28%, reaching $2.61 earlier today. This upward trajectory brought the token close to challenging the established downtrend line stemming from its January 2nd record high of approximately $5.25, according to Coingecko data.

Upbit’s VIRTUAL Trading Pairs Trigger Surge

The listing on Upbit introduces VIRTUAL to a substantial and sophisticated trading community in South Korea, known for its keen interest in alternative cryptocurrencies (altcoins).

The availability of VIRTUAL trading pairs against the Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) further enhances accessibility and liquidity for Korean traders, potentially fueling sustained growth. The decision by Upbit reflects a positive assessment of the Virtuals Protocol and its underlying utility and governance token, VIRTUAL.

The price appreciation is not solely attributable to the Upbit listing. Earlier in January, Virtuals Protocol announced a strategic buyback and burn program for its ecosystem agent tokens. This initiative, utilizing approximately 13 million accumulated VIRTUAL tokens derived from post-bonding trading income, demonstrates a commitment to enhancing token value and reducing the overall circulating supply.

Such measures are often viewed favorably by the market, signaling a responsible approach to tokenomics and fostering confidence among investors.

Furthermore, the launch of a Meteora pool on Solana aims to stimulate increased trading activity and user engagement, thereby broadening the protocol’s reach and appeal. The simultaneous establishment of a Solana (SOL) reserve is achieved through the conversion of 1% of trading fees.

Emergence of AI Agent Tokens

VIRTUAL’s explosive growth in 2024 highlights AI agents’ defining narrative in this cycle. Memecoins, especially during the recent “memecoin mania,” have significantly benefited.

Now, MIND of Pepe ($MIND) has emerged as a leading AI agent. This self-improving AI delivers exceptional value to $MIND token holders.

Through its X account, MIND of Pepe actively engages the crypto community, shaping discussions, uncovering alpha opportunities, and providing exclusive, token-gated insights. This innovation propelled its rapid success, raising over $500,000 in its first 24 hours. Momentum continues, with the presale raising almost $4.5 million.

Only $MIND holders access its most valuable information, maintaining their market advantage. MIND of Pepe’s Telegram community gives holders early access to promising tokens before public market launches.