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VELVET 2.0330, 24-hour 34% surge is burning me with FOMO, but a message made me hover my finger over the mouse without clicking:
[Source: Official Announcement] “The $VELVET ecosystem protocol has completed vulnerability fixes and restarted the staking function, while maintaining the original token burn plan. The market will face a net deflationary expectation.”
Translated into trading logic: This is a standard "fix + deflation" dual positive bombardment. First layer: the restart of staking means the lock-up volume will quickly increase, reducing the circulating supply on the secondary market, directly pushing up buying pressure; Second layer: the confirmation of the burn plan is equivalent to the official telling you "we will reduce supply." Combined with the current 34.67% rise, this wave is a news-driven money game, likely to continue surging for a second ignition within 72 hours. My operation: now at 2.0330, light trial on the left side, add more on a pullback to 1.85 (stop loss at 1.72), first take profit target at 2.50 range; position size not exceeding 15% of total capital, because after the fix news lands, profit-taking often follows, so do not chase with heavy positions.
But do you think that's it? No. The direct consequence of restarting staking is that the annualized yield will attract miners, who are not long-term holders. They will dump as soon as they unlock, so you must set your take-profit range tight. The intraday trading volume of $670 million already indicates frantic capital rotation, and the long-short battle here will be intense.
Engagement hook: If you still hold VELVET, would you choose to take profit now or gamble on 2.5? Leave a signal in the comments, and I'll tally today's long-short ratio.
Tag: I am not an analyst; I am a veteran on-chain soldier who has eaten dirt for three years — for news-based trading, I only do the "first 24 hours after the fix," leaving the rest for others to pay for.
Has the news been priced in? The 24-hour 34% surge already reflected the news in advance, but the staking volume has just restarted, and the real deflationary effect will only appear on-chain data in the next 48 hours.