The second wave of the Velvet airdrop is now live on Binance Alpha. Users need at least 242 Binance Alpha Points and must spend 15 Points to claim 400 VELVET tokens. The event operates on a first-come, first-served basis starting at 10:00 UTC. Claims must be confirmed within 24 hours or rewards are forfeited. If the full pool remains unclaimed, the required score drops by 5 points every five minutes.
Project Overview and Key Metrics
Velvet is positioned as a DeFAI operating system, enabling users to manage onchain research, trading, and portfolio strategies from a single interface. Its app is live on BNB Chain, Base, Solana, Ethereum, and Sonic, with over 100,000 active users. A standout feature is the AI Co-Pilot, which uses natural language to help discover, analyze, and execute trades. The platform also allows individuals and institutions to create tokenized DeFi strategies, resulting in more than 10,000 vaults.
VELVET Token Allocation
According to the whitepaper, the token allocation is: Team & Advisors 20%, Foundation Treasury 18.3%, Ecosystem & Community 17.5%, Early Backers 14.9%, Future Listings & Marketing 7%, Growth Fund 5%, Airdrop & Staking 5%, Liquidity Provision 5%. The current airdrop draws from the community allocation.
Market Performance and Price Action
VELVET is trading around $0.0752, down more than 10% in the last 24 hours. CoinMarketCap data shows trading volume jumped over 37% to approximately $6.8 million, a classic sign of selling pressure. The token is already listed on exchanges like PancakeSwap, Binance Alpha, Bitget, Gate, KuCoin, MEXC, BingX, and Kraken, but not yet on Binance's main exchange. Traders are watching for potential full Binance listing news.
Key Support Level to Watch
The price chart shows a clear downtrend, nearing the recent 60-day low near $0.07. If that level breaks, further downside is likely. Buyers must defend $0.07 for stabilization. A recovery would require price to reclaim and hold above $0.08. The current trend remains weak; a meaningful upside would likely need stronger buying volume or a confirmed catalyst like a Binance listing.