Bithumb Lists VIRTUAL Token, Leading to 43% Price Surge
South Korean crypto exchange Bithumb has listed Virtual Protocol’s native token VIRTUAL on its Korean Won (KRW) trading market. The announcement led to a 43% surge in VIRTUAL's value.
Trading for VIRTUAL commenced today with a base price of 1,486 Korean Won. Deposits and withdrawals opened within three hours of the announcement. Bithumb has implemented trading restrictions to ensure market stability and advised users to verify deposit addresses and network details to avoid errors, warning that refunds for incorrect deposits could be delayed.
The listing on Bithumb is anticipated to enhance the adoption of VIRTUAL, providing greater liquidity and accessibility for investors.
Market Reaction: VIRTUAL Hits New Highs
Following the Bithumb announcement, VIRTUAL, operating on the BASE network, rallied to $1.233, marking a 39.15% increase. Its market capitalization surged by 97.49%, reaching $160.92 million within a day.
Launched in February, VIRTUAL achieved an all-time high of $1.42 earlier today, representing over a 2,500% increase since its launch. The total market capitalization has reached $1.3 billion, ranking it 202nd among cryptocurrencies by market cap. In the past month, VIRTUAL’s value increased by over 200%, with its total market cap quadrupling.
This growth highlights the rising popularity of Virtual Protocol, which aims to create a shared ownership infrastructure for AI agents in gaming and entertainment. Users can develop AI-based agents and share in the revenue generated by virtual influencers, with active agents including LUNA, G.A.M.E, and aixbt.
AI and Crypto
Artificial intelligence is driving significant innovation in the cryptocurrency sector, contributing to the popularity of AI-based tokens, which now have a combined market capitalization exceeding $49.8 billion.
Leading AI tokens such as Near Protocol and Render Token (RENDER) have seen notable gains, increasing by 55% and 72%, respectively, over the past month. These trends underscore the growing synergy between AI and crypto, with projects like Virtual Protocol transforming industries such as gaming and entertainment through decentralized ownership.