$VTHO ⚠️ — A Supply Problem That Cannot Be Ignored**

VTHO’s tokenomics remain a major concern.

📈 **Supply can continue increasing** through VTHO issuance
📉 Meanwhile, if network demand and actual VTHO consumption don’t grow fast enough, selling pressure can outweigh demand.

The key issue is simple:

**More VTHO entering circulation + insufficient demand = persistent pressure on price.**

Yes, VTHO is burned when used as gas, but the important question is whether **burned VTHO consistently exceeds newly issued VTHO**. VeChain’s current MiCAR document states that VTHO has **no fixed maximum supply**, while 100% of VTHO consumed as gas is burned.

Until demand, network activity and burn rate clearly absorb the ongoing issuance, **VTHO remains vulnerable to continued supply-driven price pressure.**

🔴 **Increasing supply + weak demand = bearish structure**

Do your own research. Token supply dynamics matter.