VELVET Surges After 10x Jump: Can the Rally Continue?

VELVET Price Prediction After Massive 10x Breakout

Velvet Capital just wrote one of 2026's most dramatic DeFi chapters—and it is not finished yet. The token went from $0.09 on June 3 to $1.65 on June 11. That is an 18x move in eight days. The catalyst was real: an integration with Trade.xyz announced on June 3 that promised to bring global markets—stocks, crypto, commodities, research, and execution—into a single app built on Velvet's infrastructure. The market rewarded that vision aggressively.

Then, on-chain analysts started watching the wallets. And what they found landed on X within hours.

NullTX published a full on-chain breakdown on June 11, the same day Token hit its $1.65 all-time high: team-linked wallet addresses had moved approximately $19.8 million worth of VELVET tokens to centralized exchange deposit addresses during the pump.

 DWF Labs — Velvet Capital's official market maker — simultaneously transferred 6.68 million VELVET tokens worth approximately $6 million to exchanges. The total on-chain flow to exchanges from project-affiliated addresses during the peak: approximately $25.8 million.

Transferring tokens to exchanges is not the same as selling them. But it is the step that immediately precedes selling. When insiders with early, cheaply acquired tokens route them to exchange wallets while a retail-driven price spike is still running, the market has a name for what they might be doing with that liquidity.

The $19.8M Wallet Question — What On-Chain Analysts Found

Team-Linked Wallets: Timing Is Everything

On-chain investigator EmberCN (@EmberCN) flagged the movement on X on June 11 — the same day VELVET hit its ATH. Team-linked wallet addresses, identifiable through the token's deployment history and vesting contract connections, routed approximately $19.8 million worth to centralized exchange deposit addresses during the price spike.

 The timing: while retail was still buying the Trade.xyz narrative and price were still climbing toward $1.65.

The key distinction NullTX made explicit: moving tokens to exchanges is not the same as selling. Wallets can send tokens to exchange addresses for custody, staking, or strategic purposes without immediately selling.

 But in the context of a 10x rally driven by retail enthusiasm for a new integration narrative, routing $19.8 million to exchange wallets at the peak is a pattern that the crypto market associates with one behavior: preparing to — or already — converting early, cheap tokens into other assets at elevated retail-funded prices.

DWF Labs — The Market Maker Angle

DWF Labs is Velvet Capital's officially designated market maker. Market makers exist to provide liquidity on both sides of the order book — they buy and sell to maintain orderly price discovery. When DWF Labs moves 6.68 million tokens to exchange addresses during a retail-driven price spike, the interpretation is not straightforward.

 A market maker might be rebalancing inventory — building a sell-side order book as new retail buyers step in. That is a normal market-making function. It becomes a red flag when the timing coincides with team wallet movements at the ATH.

The combination of $19.8M in team wallet outflows and $6M in market maker outflows — totaling $25.8M in project-affiliated tokens moving toward exchanges at the peak — is what has the market on edge on June 11.  It has not issued an official statement explaining these transfers as of publication.

Technical Analysis: Where Stands After the ATH

Support Levels:

• $1.50

• $1.25

• $1.00

Resistance Levels:

• $1.80

• $2.00

• $2.25

Short Term:
 Strongly bullish after the parabolic breakout. As long as price holds above the breakout zone near $1.40-$1.50, buyers may attempt another move toward $1.80-$2.00. However, such vertical rallies often face profit-taking and high volatility.

Long Term:
The trend has shifted decisively bullish after breaking its multi-month range. If ecosystem growth and trading volume remain strong,  could establish a new higher trading range above $1.00 and target previous highs over the coming months.

Latest News and X Sentiment — June 11, 2026

•     VELVET set NEW ALL-TIME HIGH of $1.65 on June 11, 2026 — up from $0.09 on June 3, an 18x move in 8 days (CryptoRank: ATH $1.65)

•     BREAKING June 11: NullTX published on-chain analysis showing team-linked wallets moved $19.8M worth of VELVET to centralized exchanges DURING the pump

•     EmberCN (@EmberCN) flagged the wallet movements on X — on-chain community watching closely

•     DWF Labs ( official market maker) simultaneously transferred 6.68 million VELVET (~$6M) to exchange addresses

•     Total project-affiliated exchange inflows during rally peak: ~$25.8M (team $19.8M + DWF Labs $6M)

•     Rally catalyst: Trade.xyz integration announced June 3 — global stocks, crypto, commodities, forex accessible via Velvet's DeFi interface

•     Circulating supply: 420.76M VELVET | Max supply: 1 Billion | 42.07% in circulation

YMYL Disclaimer

This article is for informational and educational purposes only. Nothing here constitutes financial, investment, or trading advice. Cryptocurrencies are highly volatile assets that can result in total loss of capital. Always conduct your own research and consult a licensed financial advisor before investing.