Velvet (VELVET) price extended its sharp rally after fresh demand pushed the token into record territory. The move followed growing interest in Velvet Capital’s market access products and synthetic pre-IPO perpetual futures.
Why Is Velvet Crypto Price Up Today?
VELVET rallied 166% over the last 24 hours to approach $0.8510 in a volatile trading session. The transfer marked the move as the broader cryptocurrency market rose 1%.
That spread revealed just how effective Velvet was in the market recovery compared to the big digital assets.
The rally appears linked to Velvet Capital’s integration with Trade.xyz, announced on June 3. The goal of the partnership is to integrate crypto, equities, commodities, research and execution on a single platform.
Why are you still using 5 different apps?
One for crypto
One for stocks
One for commodities
One for research
One for executionMeanwhile the best opportunities move across ALL markets
Today, that changes
Global markets are live on Velvet with our @tradexyz integration pic.twitter.com/wREqMTJIpZ
— Velvet | Onchain Terminal (@Velvet_Capital) June 2, 2026
This expanded markets access narrative provided a new catalyst for traders to load up on VELVET aggressively.
There was also interest on synthetic pre-IPO perpetual futures on Velvet. These products give an exposure to private market companies like SpaceX, OpenAI, and Anthropic. The exposure of SpaceX seems to have stimulated the highest demand prior to the public market’s expected activity.
That story propelled Velvet on the momentum while other major Cryptocurrencies were fluctuating within a smaller band.
Velvet Rally Extends Despite Profit-Taking
Velvet has now gained more than 640% over the past seven days, based on available figures. The token has also increased by nearly 760% in the last month, continuing to see healthy demand. It recently recorded a breakout, propelling its market value over $358 million.
VELVET reached a new all-time high of $1.07 on June 11, 2026. The token subsequently rallied roughly 25% from that high, as sellers entered the market. The pullback was an indication that early buyers were taking profits off a fast rise.
Support around $61,000 also played a role in strengthening risk sentiments on Bitcoin. BTC price hovered at $63,000, and the overall crypto market climbed to nearly $2.15 trillion. Ethereum price is hovering near $1,600 after a slight crypto market correction.
Velvet Crypto Price Prediction: Key levels to watch
The short-term trend will remain uncertain until VELVET breaks back above the $0.80 support zone. If buyers can maintain an above-average level there, it could spark another round of interest in the $1.07 level. If the momentum picks up, a move above the record may be able to begin a run toward $1.10.
But traders should also keep an eye on the $0.70 mark if the selling momentum builds up. A break below $0.70 could trigger a deeper correction in VELVET after the recent surge.
Be the first to comment