"VIRTUAL Token Soars 28% on Upbit Listing in South Korea"

VIRTUAL Token Surges 28% Following Upbit Listing in South Korea

The VIRTUAL token has experienced a significant surge in value, climbing by 28% following its listing announcement on Upbit, one of South Korea's leading cryptocurrency exchanges. This development has not only spotlighted the VIRTUAL token but also underscored the growing influence of altcoins backed by vibrant communities in the region.

The VIRTUAL token, launched as a utility token for a virtual reality platform, saw its price climb by 12% after Upbit declared its listing, reaching an intraday high of $0.0502. This surge has marked a 15% jump from its weekly low and reflects 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 is also 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.

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 is the utility token of a virtual reality platform, aiming to empower users to create and share virtual worlds. The token's distribution reflects this vision, with over 50% of the total 10 billion VIRTUAL tokens allocated to the community. This includes a significant portion for early supporters and for community cultivation through initiatives like VRDAO.

The utility of VIRTUAL extends beyond mere trading; it's poised to serve