🚨 $VELVET is Over
VELVET just did exactly what I've seen happen with $RAVE , $SIREN , $COAI, and many other whale-driven coins.
A few days ago, everyone was talking about $5 targets.
Today, it's down more than 70% and just dropped from nearly $2 to below $0.50.
This is exactly why I exited around $1.79. The coin was becoming too crowded, too many people were calling for $5+, and the holder distribution was something I didn’t like.
It’s a classic playbook: First comes the parabolic pump. Then comes the belief that it can only go higher. Then comes the dump that nobody expects.
For me, the level worth watching is around $0.25. If buyers show real strength there, I’ll reconsider.
Until then, I’d rather miss the first pump than become exit liquidity for someone else.
