- Galactica mainnet and Hayabusa StarGate staking launching July 1 showcase VeChain’s infrastructure innovation and real‑world asset integration partnerships.
- VeChain corporate alliances with BMW, LVMH, and Walmart China emphasize enterprise adoption and enhance supply chain blockchain credibility.
VeChain (VET) is currently priced at $0.02206, posting a sharp daily loss of -5.44%. Over the last month, VET has dropped 26.54%, and it’s down nearly 62.29% in the last six months, making it one of the more underperforming large-cap altcoins recently.
Its year-to-date performance shows a decline of 49.78%, and it currently trades more than 90% below its all-time high of $0.2823.
Despite this, VeChain remains highly active in development and partnerships. On July 1, VeChain will launch its Galactica mainnet, a major update that may enhance its infrastructure and capabilities.
VeChain Renaissance delivers revolutionary technical & tokenomic upgrades to VeChainThor.
On July 1st – StarGate launches, introducing VeChain's new Node/staking model with a 5.48Billion $VTHO bonus applied to the first 6 months.
The countdown is on – are you ready?$VET pic.twitter.com/Pnh6TpLy8C
— VeChain (@vechainofficial) May 12, 2025
Additionally, the Hayabusa StarGate program, a new staking initiative, is also set for launch the same day. These developments show that the team is still innovating and pushing toward utility, especially in real-world asset integration, as evidenced by corporate partnerships with BMW, LVMH, and Walmart China.
Technical sentiment is currently mixed to bearish. ETHNews analysts identify a possible inverted head and shoulders pattern, which could signal a bullish reversal if confirmed.
Others, however, caution that VET may be entering a multi-cycle bear market if it fails to hold above key supports around the $0.018–$0.020 zone. Momentum indicators and moving averages suggest weak short-term demand, with several traders warning that VET must decisively reclaim the $0.03–$0.035 range to shift the trend.
