"VIRTUAL Token Surges 28% on Upbit Listing, Memecoin Mania Sweeps South Korea"

The price of VIRTUAL Token has surged by 28% following its listing on Upbit, one of South Korea's leading cryptocurrency exchanges. This development has attracted significant attention from South Korean crypto enthusiasts and underscored the growing influence of meme coins backed by vibrant communities.

The VIRTUAL Token, launched as a cultural coin for the virtual reality industry, saw its price climb by 12% after Upbit declared its listing, reaching an intraday high of $0.0502. This surge marked a 15% jump from its weekly low and reflected the market's enthusiastic response to the token's increased accessibility through one of South Korea's major trading platforms.

According to the listing announcement, Upbit will support VIRTUAL/KRW trading pair with deposits only supported on the Arbitrum One network. Trading was scheduled to start at 7:00 PM on Friday, January 31, 2025. The exchange has included some strategic trading restrictions to manage the initial volatility. For the first five minutes of trading, buy orders are restricted, and sell orders are limited to within -10% to +100% of the base price. This strategy aims to stabilize the market entry of the token.

The base price for VIRTUAL Token is expected to hover around $66.11 once trading officially kicks off. These measures highlight Upbit's cautious approach to integrating new, potentially volatile tokens like VIRTUAL into its ecosystem.

Notably, the VIRTUAL/KRW trading pair, allowing for direct exchange with the South Korean won, has played a pivotal role in today's price rally, with the token's market cap reaching $278 million and the daily trading volume soaring by 40% to around $153 million.

VIRTUAL Token is the utility token of VIRTUAL, an Azuki-backed premier Web3 virtual reality brand. Besides being a memecoin, it's a cultural phenomenon aiming to empower one billion global virtual reality enthusiasts. VIRTUAL's vision is to transform these fans from passive consumers into active participants in a community-owned creative economy.

The utility of VIRTUAL Token extends beyond mere trading; it's poised to serve as a governance token for VIRTUALChain, an upcoming Layer-3 blockchain on the Arbitrum network, expected to launch in the first quarter