VeChain’s native token VET collapsed 33.4% over the past month, marking its steepest decline since the summer washout. The devastating drop coincided with the Hayabusa mainnet launch, which fundamentally altered VeChain’s economic model by eliminating passive VTHO generation. What started as a technical upgrade morphed into a liquidity crisis as yield-focused holders rushed for exits. The main question for traders is: can bulls defend the critical $0.01078 support that has held through multiple bear markets, or will the structural shift in tokenomics trigger another leg lower?