VeThor Token Surges 39.1% as UFC CEO Joins VeChain Advisory Board

VeThor Token (VTHO), the gas token powering transactions on the VeChainThor blockchain, recently experienced a notable price surge, climbing from $0.00167 to a peak of $0.003399 on Binance within a single day, before stabilizing at $0.002891. This surge represented a 39.1% gain over 24 hours, underscoring a wave of heightened market enthusiasm and participation.

This impressive rally was driven by several key factors. Notably, the announcement on April 14, 2025, that UFC CEO Dana White had joined VeChain’s advisory board, marked a significant push toward mainstream blockchain adoption. White, alongside Nobel Prize-winning physicist Sir Konstantin Novoselov, is expected to enhance VeChain’s visibility, particularly through its sustainability-focused initiative, VeBetterDAO. This platform rewards eco-friendly actions with B3TR tokens and relies on VTHO for transaction fees. With UFC’s extensive global reach, White’s involvement could substantially boost awareness and engagement with VeBetterDAO.

Another contributing factor is the anticipated VeChain Renaissance upgrade scheduled for 2025. This upgrade promises enhanced security, decentralization, and compatibility with the Ethereum Virtual Machine (EVM), which could attract more developers and businesses to the VeChain ecosystem.

Technical analysis of the VeThor price chart revealed several bullish signals, including a breakout from a 3-month descending wedge and a bullish divergence on 4-hour and daily charts. The price also crossed above the 20-day moving average for the first time in 90 days. However, the rally’s sustainability is challenged by a bearish candlestick on the daily chart, indicating potential selling pressure or profit-taking. The Relative Strength Index (RSI) has also turned bearish on the daily chart, suggesting the token may be overstretched and ripe for a pullback.

In the short term, these bearish indicators imply that VTHO could see consolidation or a retreat, particularly if it fails to breach the $0.00335 resistance level, with $0.002065 acting as a critical support zone. Despite these near-term hurdles, VTHO’s long-term potential remains promising if VeChain’s ecosystem expands through initiatives like VeBetterDAO and high-profile partnerships. The token’s built-in burn mechanism, which destroys 70% of VTHO used in transactions, offers additional price support by gradually reducing supply, a dynamic that could prove significant as network activity grows.

Ultimately, while the recent doubling of VTHO’s price was driven by impactful developments and strong technicals, its ability to maintain the rally may falter short-term due to bearish signals. However, sustained adoption and ecosystem growth could pave the way for future gains if key resistance levels are overcome.