The VeChain community is buzzing with excitement as it awaits a big announcement set to be unveiled on February 28th.
Per the official VeChain handle on X, the blockchain is set to reveal new information for its users. The anticipation has already secured considerable user attention, pumping the VET token to new levels.
At press time, the token is up 3.28% and trading at $0.04942.
Also Read: VeChain: VET Price Soars 12% in 24 Hours; Here’s Why
What’s This Big Announcement All About?
VeChain tweeted new information via X, sharing that it has some crucial details for its community to share. The tweet consisted of a headline that said the announcement is set to be unveiled on February 28th and will be announced by its CEO, Sunny Lu at the Mobile World Congress in Barcelona.
The tweet also consisted of another small snippet that said, “Are you ready to engage, earn, and prosper?” This particular snippet sparked speculation on X about a possible tokenomics and airdrop update.
To up the anticipation a notch, VeChain’s official website has also added a timer, indicative of an impending announcement on cards.
VeChain’s Price Update
With a consistently growing user base, VeChain is rising in terms of valuation. Per the platform’s latest derivatives data analysis, VET’s volume is up 120.59%. Similarly, open interest regarding VET is also up 15.79%.
Also Read: VeChain: How High Can VET Go in March 2024?
With significant hype and anticipation fueling up, VeChain’s community expects the VET price to touch new all-time highs. One analyst on X noted how bullish they are with VeChain’s recent market momentum. Similarly, the data from Coingecko suggests the coin’s momentous rise. The data shows that VET is up by 74% in the last 30 days.
As the crypto community waits for the potential announcement, it seems that the announcement will play a pivotal role in shaping VET’s future trajectory.