$VELVET 🚨 VELVET Price Alert - Up 2.21% - Cause:
- Massive price surge: VELVET experienced a 300%+ weekly gain with a major god candle, recovering from an 84% correction and pushing past 1.80 amid broader market conditions.
- Liquidity migration: Full Base liquidity moved to Aerodrome, cited as a key catalyst driving buyer interest and momentum.
- Bullish technical outlook: Strong impulsive rally of over 1,400% from recent lows, with buyers defending support and potential for a second leg up targeting new ATHs and 700%+ expansion.
- Insider activity and risks: Warnings about large token transfers by insiders/DWF Labs to exchanges for profit-taking (~19.8M), plus an upcoming 10.4M token unlock on July 10.
- Market cap vs TVL discrepancy: Highlighted as having ~800M market cap with relatively low TVL (~770k), sparking debates on valuation and growth potential.
- Additional catalysts: Synthetic pre-IPO markets for projects like SpaceX mentioned as a driver, with ongoing watchlist mentions and holder activity.
#VELVET
- Massive price surge: VELVET experienced a 300%+ weekly gain with a major god candle, recovering from an 84% correction and pushing past 1.80 amid broader market conditions.
- Liquidity migration: Full Base liquidity moved to Aerodrome, cited as a key catalyst driving buyer interest and momentum.
- Bullish technical outlook: Strong impulsive rally of over 1,400% from recent lows, with buyers defending support and potential for a second leg up targeting new ATHs and 700%+ expansion.
- Insider activity and risks: Warnings about large token transfers by insiders/DWF Labs to exchanges for profit-taking (~19.8M), plus an upcoming 10.4M token unlock on July 10.
- Market cap vs TVL discrepancy: Highlighted as having ~800M market cap with relatively low TVL (~770k), sparking debates on valuation and growth potential.
- Additional catalysts: Synthetic pre-IPO markets for projects like SpaceX mentioned as a driver, with ongoing watchlist mentions and holder activity.
#VELVET