VeThor Token (VTHO) Witnesses a Surge of Over 80,300% after the Token was Listed on South Korea’s Largest Crypto Exchange by Trading Volume, Upbit

VeThor token is witnessing a surge of over 80,300% after the token was listed on South Korea’s largest crypto exchange by trading volume, Upbit.

VeThor (VTHO) token price has surged by over 80,300% after being listed on South Korea’s largest crypto exchange by trading volume, Upbit.

On Jan. 21, Upbit launched trading support for VeThor Token (VTHO) in both the Korean Won (KRW) and Tether (USDT) markets. As of Jan. 22, VTHO’s trading volume has surged by over 88,000% in the past 24 hours. According to CoinMarketCap, Upbit accounts for more than 66% of VTHO’s trading volume, with over $2.1 billion traded in just 24 hours.

As of this writing, VTHO is priced at $0.008981, reflecting over 300% increase in its value over the last 24 hours. However, it remains roughly 80% below its all-time high of $0.042, which was reached in August 2018.

VTHO was launched in July 2018 as part of the first phase of the VeChainThor blockchain, following its initial release as an ERC-20 token in 2015.

VeChainThor uses VTHO to power transactions and smart contract executions on the network. VTHO is generated by holding VeChain Tokens (VET) and is consumed during blockchain operations, ensuring efficiency and scalability within the ecosystem.

The number of unique addresses interacting with the VTHO on the VeChainThor blockchain continued to rise and in early January 2025 crossed the threshold of 2.9 million addresses as of this writing, as per VeChain Stats.

Related: VeChain integration brings crypto payments to 100K merchants in Southeast Asia

While the recent listing on Upbit has certainly contributed to the massive surge in VTHO’s trading volume, the token has also been performing well on other exchanges.

On Binance, for example, VTHO/USDT is among the top gainers over the past 24 hours, with a trading volume of over $630 million. Meanwhile, on Huobi Global, VTHO/USDT is also showing strong gains, with a trading volume of over $380 million in the past 24 hours.

Overall, the recent surge in interest and trading activity around VTHO is likely due to a combination of factors, including the token’s utility on the VeChainThor blockchain, its low price point, and the broader bullish momentum in the crypto markets.

As always, traders and investors are advised to do their own research and exercise caution when making any trades, especially in highly volatile markets.