Amidst market corrections, $VELO, the native token of a significant development project, is showcasing remarkable bullish behavior across all time frames.
Over the past 30 and 90 days, $VELO has surged by 133% and 318% respectively, signaling strong investor interest and positive sentiment.
In a recent on-chain development, DWF Labs, a key player in the $VELO ecosystem, has made a notable deposit of 10 million VELO tokens to Bybit at a price of $0.021. This move adds to the ongoing activity surrounding the token and underscores the confidence of stakeholders in its potential.
DWF Labs (@DWFLabs) just deposited 10M $VELO ($205K) to #Bybit at $0.021 10 minutes ago.
Notably, DWF Labs received 75M $VELO (then $225K) from the project at $0.003 on Jul 14, 2023, and has deposited 45M $VELO ($800K) to Bybit at ~$0.0178 (+593%).
Current holding: 30M $VELO… pic.twitter.com/UKKNRlKoIt
— Spot On Chain (@spotonchain) May 6, 2024
DWF Labs has been actively engaged with $VELO since receiving 75 million tokens from the project on July 14, 2023, when the price was $0.003.
Since April 9, 2024, DWF Labs has deposited 45 million VELO tokens, valued at $800k, to Bybit at an average price of $0.0178, marking an impressive increase of 593%.
DWF Labs Holds Significant Amount Of 30 Million VELO Tokens
Despite these transactions, DWF Labs still holds a significant portion of 30 million VELO tokens, valued at $614k. This indicates a continued belief in the token’s long-term prospects and its potential for further growth.
In today’s trading, $VELO has seen a 6% increase, further solidifying its bullish trajectory and affirming investor confidence in the project’s development and future prospects.
As $VELO continues to gain traction and demonstrate resilience in the face of market fluctuations, investors and enthusiasts alike will closely monitor its progress and anticipate further developments in the $VELO ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.