None
EN
Velvet gains 25% as staking loses $160K – Rally holds IF…
['Olayiwola Dolapo', 'Written By', 'Reviewed By', 'Kelvin Murithi', 'Lennox Gitonga', 'Evans Boto']
AMBCrypto
Velvet [VELVET] surged 25%, extending its 90-day gain to 548%.
The one-month chart showed a few clusters above VELVET’s price.
This kept the zone in focus despite VELVET’s rally.
VELVET staking supports governance participation and offers yield to token holders.
However, lower staking may suggest that some holders stopped pursuing yield after recent gains.