Bithumb’s announcement of listing Virtual Protocol’s token VIRTUAL on its KRW market has fueled a 43% price surge, with trading set to start today.
Popular South Korean crypto exchange Bithumb has listed Virtual Protocol’s native token VIRTUAL VIRTUAL $1.38 24h volatility: 10.9% Market cap: $902.14 M Vol. 24h: $178.79 M on its Korean Won (KRW) trading market. The announcement, made earlier on Friday, resulted in a 43% surge in the value of VIRTUAL.
Trading for VIRTUAL on Bithumb began today, with the base price pegged at 1,486 Korean Won. Notably, deposits and withdrawals for the token opened within three hours of the announcement. Bithumb has implemented a series of trading restrictions to maintain a stable market environment. In a cautionary note, Bithumb urged users to verify deposit addresses and network details meticulously to avoid errors, warning that refunds for incorrect deposits could face significant delays.
The listing of VIRTUAL on a prominent platform like Bithumb is expected to drive further adoption of the token, offering it greater liquidity and accessibility for investors.
Market Reaction: VIRTUAL Hits New Highs
Within hours of Bithumb’s announcement, VIRTUAL token, which operates on the BASE network, saw an explosive rally, climbing to $1.233 – a 39.15% increase. The token’s market capitalization surged by an astounding 97.49%, reaching $160.92 million in just one day.
Launched in February this year, VIRTUAL achieved an all-time high of $1.42 earlier today, marking an over 2,500% increase since its debut. The project’s total market capitalization has skyrocketed to $1.3 billion, placing its token at 202nd among the largest cryptocurrencies by market cap. Over the past month alone, VIRTUAL’s value has surged by over 200%, and its total market cap has quadrupled.
Further, this remarkable growth underscores the rising popularity of Virtual Protocol, a project that aims to build a shared ownership infrastructure for AI agents in gaming and entertainment. Through the protocol, users can develop AI-based agents and share in the revenue generated by virtual influencers. Active agents on the platform include LUNA, G.A.M.E, and aixbt, among others.
AI and Crypto
Artificial intelligence is driving massive innovation in the cryptocurrency industry, resulting in an increased popularity of AI-based tokens. AI-based cryptocurrencies now boast a combined market capitalization of over $49.8 billion.
Leading AI tokens like Near Protocol and Render Token (RENDER) have also experienced notable gains, rising by 55% and 72%, respectively, over the past month. These trends also highlight the growing synergy between AI and crypto, as projects like Virtual Protocol lead the way in transforming industries like gaming and entertainment through decentralized ownership.
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