VeChain’s VET token gained 1.2% after Franklin Templeton integrated the blockchain into its $780 million tokenized money market fund. The move expands institutional adoption beyond Ethereum and Solana to include VeChain’s Layer 1 network.
VeChain VET $0.0257 24h volatility: 0.0% Market cap: $2.21 B Vol. 24h: $36.63 M price rebounded on Wednesday, July 24, after investment giant Franklin Templeton added the blockchain to its $780 million tokenized US Government Money Fund. The move marks the firm’s intent to extend adoption of Layer 1 chains beyond Ethereum and Solana towards lesser known chains like VeChain.
In response, VET price rose 1.2% intraday to trade near $0.025, after sliding 11% earlier in the week amid broad market volatility. VeChain now joins Ethereum ETH $3 736 24h volatility: 0.3% Market cap: $451.03 B Vol. 24h: $33.86 B , Solana SOL $187.7 24h volatility: 3.5% Market cap: $100.98 B Vol. 24h: $10.84 B , and Stellar XLM $0.44 24h volatility: 2.3% Market cap: $13.63 B Vol. 24h: $476.33 M as public chains hosting the OnChain US Government Money Fund (FOBXX), the first SEC-registered tokenized money market fund.
Franklin OnChain US Government Money Fund | RWA.xyz
According to a Cointelegraph report, Franklin Templeton, which oversees $1.6 trillion in assets under management, announced the expansion via its BENJI investment portal. The VeChain integration is designed to allow global users to buy and hold tokenized US Treasury bills using blockchain rails, while ensuring regulated custody and high liquidity through BitGo and Keyrock.
VeChain Price Forecast: Can VET Hold $0.024 Support?
VET is currently hovering near its 20-day mid-Bollinger Band at $0.02447, which is emerging as a short-term pivot. The MACD histogram remains slightly positive, but bearish divergence has begun to form.
VeChain Price Forecast
A decisive breakout above $0.02797 (upper Bollinger Band) could shift short-term momentum toward $0.030 and $0.0325. On the downside, failure to defend $0.024 may open the door to a sharp retest of $0.020 support, a level that held during the market-wide correction in June.
Anticipating increased institutional inflows and on-chain usage, VeChain bulls are hoping the Franklin partnership catalyzes stronger fundamentals and reduces VET’s correlation with broader altcoin market volatility.
Best Wallet Gains Attention as VeChain Price Rebound Begins
As VeChain (VET) rebounds amid rising institutional interest, traders are prioritizing secure, efficient tools for managing assets and exploring new opportunities. Best Wallet is emerging as a good choice for VET holders seeking to protect gains, access presales, and manage staking independently.
Best Wallet Presale
Visit the official Best Wallet website to join the presale and explore its DeFi-native tools.
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