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.

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.

“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.

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