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VET VET surged 6.5%: Risk appetite in the crypto market rebounded, and funds poured into the lagging altcoins
As the overall cryptocurrency market strengthened, demand began to shift towards the previously lagging altcoins. At the same time, VeChain (VET)'s upcoming "Interstellar" upgrade program on September 16 has also attracted a lot of attention. Technical breakthroughs and the rising popularity of social media have jointly strengthened VET's short-term bullish momentum.
VeChain (VET) recently recorded a significant increase of 6.5%, successfully attracting the attention of traders. This trend is due to the restored risk appetite in the crypto market. In addition, the excitement surrounding the upcoming "Interstellar" upgrade also provided a boost to VET. Technical momentum adds another layer of support to this bullish pattern.
The crypto market turns to risk appetite, driving VeChain to gain momentum
The broader crypto market environment has created a favorable background for VeChain. Currently, the total market value of the crypto market is approximately US$2.63 trillion, with an increase of approximately 0.4% in the past 24 hours. Bitcoin's market dominance remains at around 59.6%, showing the continued strength of market leaders. Investor sentiment remains positive throughout the crypto market, with the current Fear and Greed Index reaching 76, indicating that crypto traders have a strong willingness to take risks.
Bitcoin broke through the US$79,000 to US$80,000 range, further boosting market confidence. Spot Bitcoin ETFs have also recorded significant net inflows recently. Support from macro conditions provided fuel for broader market recovery. Typically, when Bitcoin establishes a stronger upward trend, altcoins often benefit from it. Subsequently, traders began to look for tokens with greater upside potential. In this market change, VET has benefited from this capital rotation. The token has also attracted attention after undergoing a significant transformation in its technological form.
Within 24 hours, the VET price climbed from approximately US$0.00673 to US$0.00716, an increase of approximately 6.5%. The rise followed VeChain's long-term weak price performance. Recent price movements suggest that VET may be breaking through a months-long downward trend. Technical traders may view such actions as early momentum signals. Continued breakthroughs may encourage more buyers to enter. However, traders still need to confirm the signal before characterizing this trend as a lasting reversal.
"Interstellar" upgrades bring major catalysts
The upcoming "Interstellar" upgrade provides another reason to pay close attention to VET. VeChain plans to activate the upgrade on September 16, 2026. This agreement change was made after voting by all stakeholders. The "Interstellar" upgrade (also known as VIP-255) focuses on improving VeChainThor's compatibility with the Ethereum Virtual Machine (EVM). This upgrade brings VeChainThor in line with Ethereum's Cancun, Prague and Osaka development roadmap.
Developers will gain access to new EVM opcodes and cryptographic pre-compiled functions. The upgrade also introduces changes involving core protocol limitations. These improvements are expected to strengthen VeChain's long-term technical foundation. This narrative has sparked speculative interest around VET. During bullish periods, traders often make arrangements before major network upgrades.
Still, upgrades alone cannot explain the recent 6.5% increase. The current rebound reflects the combination of multiple forces. Bitcoin's strength created a favorable environment for altcoins; technical momentum then helped VET attract additional buying pressure; and the "interstellar" upgrade provided traders with a clear fundamentals narrative.
