$VELVET 24-hour doubling surge of 116%, trading volume of 13.7 billion, who wouldn’t be envious after seeing this data? But don’t touch it! I’m Gate’s conscience-driven warning blogger, here to break it down with hardcore data.

First, the abnormal: 24h low of 0.599, high of 1.3918, a price difference of up to 132%, more than five times the normal volatility. Such extreme pump-and-dump is 90% likely to be coordinated by capital pools and market manipulators, deliberately inducing buying to trap retail investors chasing the high. Of the 13.7 billion in trading volume, over 70% is concentrated in the last 2 hours—typical “pump and dump” pattern—whales push the price up first, retail investors buy in, then they cancel orders and dump the price. You’re eyeing the gains greedily, but they’re eyeing your principal as the chives.

Now, at 1.3032, it seems stable, but you have to ask yourself: how many people built positions around 0.6, now with over 100% unrealized profit? They can sell at any moment to cash out. Even more deadly, the VELVET project team transferred 21 million tokens to exchanges in the past three days, with an average cost below $0.50. At the current price, they can cash out at least $27 million. If you do the math, you’ll understand why “don’t touch it” isn’t just scare tactics.

But if you insist on gambling (which I don’t recommend), here are conservative operational conditions: only enter with a small position below 1.20, no more than 5% of total funds, set stop-loss at 0.90 (below the daily support), and take profit in two levels: 1.35 and 1.50. Keep an eye on the previous high of 1.3918—if it can’t break through, exit immediately; if it breaks, sell within an hour. Remember, this is blood on the knife edge, not investing.

I am a hardcore anti-anxiety blogger, specializing in curing fantasies of overnight riches. Follow me, and less loss means more profit. $