VTHO Crypto Surges 230% After Upbit Listing | Latest VeThor Token News

VeThor Token (VTHO) Surges Following Upbit Listing

In a significant development within the cryptocurrency market, VeThor Token (VTHO) experienced a substantial price surge following its listing on South Korea's largest cryptocurrency exchange, Upbit. The listing, announced on January 21, 2025, introduced VTHO trading pairs with both the Korean Won (KRW) and Tether (USDT), marking a pivotal moment for the token's accessibility and market reach.

Background of VeThor Token (VTHO)

VeThor Token is an integral part of the VeChainThor blockchain platform, serving as the energy token used to power transactions and smart contracts on the network. Its utility is essential for maintaining the efficiency and functionality of the VeChain ecosystem, which focuses on supply chain management and business processes.

Upbit's Listing Announcement and Immediate Impact

Upbit's official announcement detailed the listing schedule, with KRW market trading commencing at 8:00 PM and USDT market trading at 9:00 PM South Korean time on January 21. Deposits were made available one hour prior to the start of trading.

The immediate market response was remarkable. VTHO's price surged by approximately 230%, reaching a peak of $0.01071, a level not seen in over four years. This surge was accompanied by a significant increase in trading volume, indicating heightened investor interest and activity.

Market Analysis and Expert Opinions

Industry analysts attribute this price movement to the increased accessibility provided by Upbit's listing, especially considering Upbit's position as South Korea's largest cryptocurrency exchange, boasting over 180 listed cryptocurrencies and more than 300 trading pairs.

The listing on such a prominent platform is expected to enhance VTHO's liquidity and attract a broader investor base. However, experts caution that while exchange listings can provide short-term price boosts, sustained growth depends on the token's underlying utility and adoption within its respective ecosystem.

Current Market Performance and Future Outlook

As of January 22, 2025, VTHO is trading at approximately $0.00849377, reflecting a 2.8% increase from the previous close. The token reached an intraday high of $0.01027105 and a low of $0.00219731, showcasing significant volatility.

The surge in VTHO's price and trading volume underscores the impact of strategic exchange listings on cryptocurrency assets. While the immediate outlook appears positive, market participants are advised to monitor ongoing developments within the VeChain ecosystem and broader market trends to assess the token's long-term potential.

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Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.