$VELVET There are two risks you must know:



Risk 1: High concentration of top 10 address holdings

Top 10 holdings account for about 89.51%

This concentration is relatively high. The characteristics of highly concentrated coins are:

Rapid upward movement

But the sell-off can also be violent

Trends are easily influenced by large holders

Risk 2: Too fast price increase

+26% in the last 4 hours

+30% in the last 24 hours

At such times, two situations are most likely:

Continued short squeeze

Those who chase highs become the exit liquidity

So if you haven’t gotten in yet, the worst thing you can do is to emotionally chase the price at the end of a long bullish candle.
VELVET72.54%
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