Velvet (VELVET) trades near $0.43 after falling 31.36% as profit-taking, exchange flows, and July unlock fears pressure price.
Author: Kritika Gupta
Velvet [VELVET], an AI-powered onchain trading and portfolio management terminal that integrates spot, perpetuals, and yield strategies across multiple chains with an AI copilot, traded near $0.43 after falling 31.36% over the past 24 hours. The primary catalyst was a post-rally reversal as profit-taking, exchange wallet flows, and unlock fears pressured the token after its late-June high near $2.08, according to CoinGecko and CryptoRank.
This article is for informational purposes only and does not constitute financial advice.
Profit-taking after VELVET’s June rally drove the current move. CoinGecko listed Velvet near the $0.43 area, while CoinMarketCap data in the research placed the token near $0.45. It shows sharp intraday variation across venues. The research did not identify a new project announcement inside the immediate 24-hour window. Instead, the market reacted to post-rally exhaustion after VELVET climbed roughly 1,400% to 1,715% in June.
CryptoRank reported that project-linked wallets and DWF Labs-linked wallets moved nearly 29 million VELVET to exchanges during the prior rally phase, which added distribution concerns to the pullback. The market also focused on the July 10 unlock of 10.4 million VELVET, the first of several monthly unlocks.
CoinGecko listed VELVET’s 24-hour trading volume near $33.8 million, below recent pump-period peaks above $90 million but still elevated versus pre-rally activity. CoinGlass data in the research placed perpetual futures open interest near $69.5 million, with open interest cooling during the correction.
Binance funding data cited in the research showed a near-neutral reading around -0.0185%. DefiLlama listed Velvet. Capital TVL around , which stayed low and relatively stable compared with its roughly market cap.
Steady attention without excessive speculation.
The research did not provide any verified 50,000+ follower analyst account with an exact follower count, so OCT is not treating recent social posts as quoted market commentary. The official account, @Velvet_Capital, posted community and Virtuals-related content, but the research did not identify a fresh price-related announcement from the team in the past 24 hours.
As a sentiment proxy, Arkham and Lookonchain-linked reporting cited project-linked and DWF Labs-linked exchange flows. The cautionary market observation remains simple. Nearly 29 million VELVET moving toward exchanges can intensify post-rally sell pressure when liquidity thins.
TradingView-based research placed immediate resistance around $0.60 to $0.75. It is based on July 3 intraday price action after prior support turned into overhead supply. The key support zone sits near $0.42 to $0.425, based on the July 3 24-hour range floor. The next major historical level is $2.08, based on June 29 price action near the recent all-time high area. The 14-day RSI midpoint from the TradingView range sits at 51.0. It signals neutral conditions rather than overbought or oversold momentum.
This article is for informational purposes only and does not constitute financial advice.
Velvet’s next confirmed supply event arrives on July 10, 2026, when roughly 10.4 million VELVET, or about 1% of supply, unlocks, according to CryptoRank and CoinMarketCap-linked data. The platform continues to market its AI copilot, spot, perpetuals, and multi-chain trading stack, according to Velvet’s official site. Downside risks include recurring monthly unlocks, thin liquidity, and a low TVL base compared with token valuation.
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