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VeChain VET Faces Market Pressure Despite Franklin Templeton Institutional Adoption
VeChain VET Faces Market Pressure Despite Franklin Templeton Institutional Adoption
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[TRADE_PLUGIN]VETUSDT,VETUSDT[/TRADE_PLUGIN]
VeChain VET News -
VeChain's VET token fell 6.96% to $0.02 despite Franklin Templeton's integration of the blockchain into its $780 million tokenized money market fund. The drop highlights how broader market volatility is outweighing institutional adoption progress.
Technical indicators show a neutral-to-bearish trend, with RSI at 48.31 and MACD displaying divergence. This price action contrasts with VeChain's strong fundamentals, including Q1-high active accounts of 74,491 during July's brief rally.
Franklin Templeton's move places VeChain alongside ethereum and Solana in institutional portfolios—a major validation of its enterprise blockchain technology that hasn't yet driven sustained price growth.
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