An under-the-radar cryptocurrency has delivered stratospheric gains in recent months, while more popular premium cryptocurrencies have struggled.
Bitcoin and Dogecoin Faltered in 2026, But This Little-Known Token Exploded 375% as SpaceX IPO Fever Took
An under-the-radar cryptocurrency has delivered stratospheric gains in recent months, while more popular premium cryptocurrencies have struggled.
Benzinga
Publisher
Aug 13, 2026 at 10:20 AM UTC · 1 min read
Key Signal
378% year-to-date VELVET gain
Entities
bitcoin, dogecoin
Market Impact
Total MCap-2.53%
Last Updated
a month ago
VELVET Defies Crypto Bear Market
Velvet (VELVET), which operates primarily on BNB Chain (CRYPTO: BNB), has jumped 378% year-to-date.
What Sparked Velvet’s Rally
Velvet is an AI-powered decentralized finance operating system and trading terminal that streamlines onchain research, trading and portfolio management.
According to CoinMarketCap, the introduction of synthetic pre IPO products on the platform played a major role in boosting its price. Users were allowed to trade tokenized, leveraged pre IPO exposure directly from Velvet’s on-chain terminal.
Bitcoin moved from $78,509.4 to $84,289.4 over the last 30-day period, a gain of 7.4 percent.
Source: Kraken · NewsLayer Markets · Updated a few seconds ago
“This surge was driven by intense trader interest in the SpaceX and AI pre-IPO markets,” CoinMarketCap said.
Price Action: At the time of writing, VELVET was trading at $0.6772, up 201.17% in the last 24 hours, according to data from Benzinga Pro.
Photo courtesy: Samuel Boivin / Shutterstock.com
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Originally reported by Benzinga
NewsLayer coverage based on externally reported material.
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Market Context
Bitcoin
BTC
$84,285
-2.31% (24H)
Market Cap
$1.69T
24H Volume
$31.6B
24H High
$87,274
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