I was checking out some price charts today, and VTHO completely caught me off guard. The thing went from 0.0008 to 0.01 in what felt like no time, an 857% spike in 24 hours. It’s back down to around 0.0076 now, but that kind of move definitely made me curious. I remember seeing this token on CoinMarketCap a while ago, but I didn’t pay much attention back then.
From what I gather, it’s part of VeChain’s ecosystem and acts as the gas token for transactions on their blockchain. What’s interesting is that VTHO gets burned during transactions, which could explain some of the long-term potential if usage increases. Still this pump seems a bit sudden , maybe there’s some news or whale activity behind it?
I’m not in on this one (yet), but I’m wondering if anyone here has been following VTHO or the VeChain ecosystem more closely. Is this just a random spike, or is there something brewing that makes it worth keeping an eye on? Not trying to hype anything just genuinely curious about what’s going on here.