The price of Velvet (VELVET) continued its sharp rise after new demand pushed the token into record territory. The move follows growing interest in Velvet Capital’s market access products and pre-IPO perpetual synthetic futures.
Why did Velvet Crypto price rise today?
VELVET stock has risen 166% over the past 24 hours to close to $0.8510 in a volatile trading session. The move marks a move as the broader cryptocurrency market rose 1%.
This spread revealed how effective Velvet was in the market recovery compared to large digital assets.
The rise appears to be related to Velvet Capital’s integration with Trade.xyz, which was announced on June 3. The goal of the partnership is to integrate cryptocurrencies, stocks, commodities, research and execution on a single platform.
Why are you still using 5 different apps?
One for cryptocurrencies
One for stocks
One for goods
One to search
One to implementAt the same time, the best opportunities travel across all markets
Today that changes
Global markets live on Velvet with our partners @tradexyz Merger pic.twitter.com/wREqMTJIpZ
— velvet | Onchain Station (@Velvet_Capital) June 2, 2026
This expanded market access narrative provided a new incentive for traders to load VELVET aggressively.
There was also interest in synthetic products Pre-IPO Perpetual futures contracts on Velvet. These products provide exposure to private market companies such as SpaceX, OpenAI, and Anthropic. SpaceX exposure appears to have stimulated higher demand ahead of expected general market activity.
This story propelled Velvet into momentum while other major cryptocurrencies were fluctuating within a smaller range.
Velvet rally extends despite profit taking
Velvet has now gained more than 640% over the past seven days, based on available numbers. The coin is also up nearly 760% in the past month, and continues to see healthy demand. It recently recorded a breakout, taking its market cap to more than $358 million.
VELVET reached a new all-time high of $1.07 on June 11, 2026. The token subsequently rose approximately 25% from that high, as sellers entered the market. This pullback was an indication that early buyers were taking profits from the rapid rise.
Support around $61,000 also played a role in boosting risk appetite on Bitcoin. BTC price was hovering At $63,000, the total cryptocurrency market has risen to approximately $2.15 trillion. Ethereum price is hovering near $1,600 after a slight correction in the cryptocurrency market.
Velvet Crypto Price Prediction: Key Levels to Watch
The short-term trend will remain uncertain until VELVET breaks back above the $0.80 support area. If buyers can maintain an above-average level there, it could spark another round of interest at the $1.07 level. If momentum picks up, a move above the record may be able to start a trend towards $1.10.
But traders should also keep an eye on the $0.70 level if selling momentum increases. A break below $0.70 could trigger a deeper correction in VELVET after the recent rally.
