After some of you highlighted $VELVET to me, I took a closer look and decided to take a position. I discovered they are backed by YZY Labs, the same as in $LAB Furthermore, more than 70M $VELVET tokens have been transferred to exchanges such as BitGet and KuCoin, where they were deposited into cold wallets. I have taken a modest position and intend to let it run.

VELVETUSDT

Διην.

0.3326

-21.33%

LABUSDT

Διην.

9.957

-0.69%