Velvet (VELVET) surged 25%, extending its 90-day gains to 548%. Retail traders drove much of this upward move, as indicated by the negative whale-retail delta. Total staked value dropped by $160,000 to approximately $1.5 million, suggesting some holders reduced their yield positions. A strong liquidation concentration lies between $0.19 and $0.14, creating significant downside risk despite the ongoing rally.
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