$VELVET There are two risks you must know:

Risk One: High concentration in top 10 addresses

Top10 holdings ~89.51%

This level of concentration is relatively high. Characteristics of highly concentrated tokens are:

Fast upward moves

But dumps can be equally violent

Trends are easily influenced by whales

Risk Two: Too fast of a price surge

+26% in 4 hours

+30% in 24 hours

At this point, two scenarios are most likely:

Continued short squeeze

Latecomers become exit liquidity

So if you haven't entered yet, the worst thing you can do is to chase the momentum at the end of a long green candle.