Crypto
VeChain Surges on Anticipation of InterStellar Hard Fork Upgrade
VeChain (VET) has seen a significant price increase over the past day, driven by anticipation of its upcoming InterStellar (VIP-255) hard fork. This upgrade is set for September 16 and aims to narrow VeChainThor's compatibility gap with Ethereum.
The VIP-255 update bundles 11 Ethereum-aligned EVM improvements, including transient storage, MCOPY, updated contract behavior, more historical block information, and transaction or block size safeguards.
VET has broken a multi-year descending trendline and key moving averages, turning the upgrade narrative into a momentum and breakout trade. The price action is best interpreted as VeChain-specific repricing driven by its upgrade and technical breakout, not a generalized macro or altcoin rotation.