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NewsLayer PulseLIVEBTC$62,730-1.09%ETH$1,872-0.69%SOL$75.4-1.06%XRP$1-0.56%DOGE$0.0694-0.97%ADA$0.1819-0.19%Total Cap$2.26T-1.13%Layer Index40 Neutral
External ReportingPublié il y a un jour

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.

Bitcoin and Dogecoin Faltered in 2026, But This Little-Known Token Exploded 375% as SpaceX IPO Fever Took
Publisher Benzinga 1 min de lecture
Image via Benzinga

Market Context

Total Market Cap$2.26T-1.13%
24H Volume$273.2B
BTC Dominance55.7%

Updated il y a 9 minutes

Layer Index

40

Neutral

Layer Index

↓ 4 pts in 24h

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.

Photo courtesy: Samuel Boivin / Shutterstock.com

Follow the Story

  1. Aug 13Bitcoin and Dogecoin Faltered in 2026, But This Little-Known Token Exploded 375% as SpaceX IPO Fever Took
  2. Aug 14Bitcoin Holds in $63,000 Range Despite Softer US Inflation, Oil; Caution Persists on Demand Gap
  3. Aug 14Ripple CTO Schwartz says Bitcoin network use op...
  4. Aug 14Hyperscale Data Has Sold Approximately 685 Bitcoin for Approximately $43 Million, Reduces Debt by Approximately $30 Million and Strengthens Liquidity to Support Michigan Data Center Buildout

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Originally reported by Benzinga

NewsLayer coverage based on externally reported material.

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