Velvet token jumps 300% after moving funds to new exchange and expanding markets

Velvet’s token ripped higher over the past three days, climbing more than 300% to a fresh record above $2 after the protocol moved its Base network liquidity onto Aerodrome Finance and widened its synthetic pre-IPO trading markets.

That move gave traders a new focal point. Velvet said it consolidated liquidity on Aerodrome, a decentralized exchange on Base, as it pushed ahead with a broader set of synthetic markets tied to private companies before they list publicly.

The price action has been brutal for anyone standing aside. Velvet has gone from a relatively quiet name to one of the sharper movers in the market, with the latest leg higher carrying it beyond its previous all-time high. The token’s jump also reflects how quickly capital can chase a protocol once liquidity and product expansion line up in the same direction.

Synthetic pre-IPO markets are the other part of the story. They let Velvet offer exposure to shares or valuations of private firms in a tokenized form, even before those companies reach public markets. That is a niche corner of crypto, but one that has been drawing attention as traders look for new ways to speculate on future listings and private market demand.

For now, the key question is whether the rally can hold after such a steep move. Price spikes tied to liquidity changes can fade just as quickly if volumes cool or if enthusiasm for the new markets slows. The move above $2 gives the token a new reference point, but it also sets a higher bar for follow-through.

Traders will be watching Velvet’s own updates, trading volumes on Aerodrome, and whether the token can keep building above the record zone it just cleared. If activity thins out, the pace of the advance could slow fast.