Velvet (VELVET) crashes ~80% on Binance Futures within an hour
Velvet (VELVET) crashed roughly 80% on Binance Futures within one hour on August 24, 2026, with multiple independent accounts reporting the dump and subsequent volatile price swings between -68% and +10% within minutes. Several traders described the move as a pump-and-dump, with one calling it a ponzi.
Detected & updated continuously · Source: Nebula
Sources
@cexscan
$VELVET just ripped +6.83% on #Binance Futures in under a minute — 1.60M volume, price now 0.2252. Can bulls push this even higher?
@CTNewsApp
Is this a regular practice at @binance to pump hard to dump harder Today is $VELVET day
@cexscan
Last 60m - #Binance Futures (USDT Trades) 📈 Top 3 Gainers: $PORTAL (Portal) : ↑6.64% $PROM (Prometeus) : ↑5.18% $MAVIA (Heroes of Mavia) : ↑5.1% 📉 Top 3 Losers: $VELVET (Velvet) : ↓-27.53% $BTW : ↓-8.3% $SCRT (Secret) : ↓-8.1% 📶 Top 3 by Volume: $USDC (USDC) : 146.73M
@cexscan
Last 60m - #Binance Futures (USDT Trades) 📈 Top 3 Gainers: $BTW : ↑9.39% $UAI (UnifAI Network) : ↑6.87% $EUL (Euler) : ↑3.02% 📉 Top 3 Losers: $VELVET (Velvet) : ↓-68.34% $TUT (Tutorial) : ↓-21.67% $BEAT (Audiera) : ↓-5.61% #Crypto
@cexscan
$VELVET just ripped +7.69% on #Binance Futures in under a minute — 2.87M volume, price now 0.3867. Breakout confirmed... or bull trap?
@cexscan
Last 60m - #Binance Futures (USDT Trades) 📈 Top 3 Gainers: $SUPER (SuperVerse) : ↑15.59% $VELVET (Velvet) : ↑10.95% $SKYAI (SKYAI) : ↑8.9% 📉 Top 3 Losers: $PORTAL (Portal) : ↓-7.29% $PROM (Prometeus) : ↓-7.06% $TUT (Tutorial) : ↓-3.75% 📶 Top 3 by Volume: $USDC (USDC)
@CryptoA40672341
Wow ! Nasty dump $velvet . Brutal ! Who is buying ? https://t.co/eTZFRx14tp
@NihilusBTC
$VELVET SHORTED @ 0.85 Longed @ 0.20 Lmao https://t.co/mmRpkCT6HQ