The dramatic pump in VTHO you're capturing on your Binance chart is not random speculation—it is a textbook institutional re-pricing event triggered by VeChain’s strategic expansion into regulated, compliant financial infrastructure, specifically the February 5th listing on the **Bullish exchange**, a platform explicitly designed for institutional capital and USDC pairings . While recent on-chain data and technical analysis from early January painted a bearish picture of VTHO due to the conclusion of the Hayabusa upgrade’s bonus rewards and Binance’s removal of flexible staking yields, the market has swiftly rotated focus from "passive income loss" to "regulatory gateway gains" . Bullish is not just another exchange; it is a regulated venue that offers the custody and compliance pathways institutional money managers require before touching small-cap altcoins. By listing VTHO/USDC, the VeChain ecosystem has effectively issued a compliance stamp that allows pension funds and family offices to gain exposure to VeChain’s gas economy without touching unregulated venues. This is compounded by the fact that the December Hayabusa upgrade fundamentally re-wired VTHO’s tokenomics to be **deflationary**, tying all new supply exclusively to staked VET and burning 100% of base fees . Therefore, the pump you see represents a "double scarcity" shock: just as institutional gates opened via Bullish, the circulating supply of VTHO became structurally tighter. The massive volume spike visible on your chart—nearly 212M VTHO—confirms this is not retail FOMO alone but accumulation at the $0.00060 range, a level that previously acted as resistance but is now flipping to support as smart money positions ahead of the Intergalactic cross-chain phase and MiCA regulatory alignment scheduled for later this year . In short, VTHO is decoupling from its historical volatility patterns and entering a demand-driven phase where network utility, not just exchange hype, is setting the floor.
VTHOUSDT
Perp
0.000595
-3.55%