Velvet rebounds 385% after 84% plunge, rides Aerodrome tie-up to 135% daily pop 🚀

Velvet's native token VELVET rallied 135% over the prior 24 hours as the AI-powered onchain trading and portfolio terminal disclosed a partnership with Aerodrome Finance. The agreement routes Base trades through Aerodrome, granting Velvet users access to deeper liquidity pools and tighter execution. The token's surge was accompanied by a 382% jump in daily trading volume.

The move marked a sharp reversal from a two-day sell-off in which VELVET fell 84%, sliding from $1.92 to $0.30. On the one-day chart, the price briefly dipped beneath the 78.6% Fibonacci retracement level at $0.483 before reclaiming it as support, preserving the broader swing structure. The Awesome Oscillator trended higher in the days that followed, indicating continued bullish momentum despite the steep drawdown.

On-balance volume did not fall far from the level recorded earlier in June, suggesting selling pressure was less intense than the price action implied. The token's outperformance came during a period of broad market weakness, drawing attention to its relative volatility.

In a public statement via its official X handle, Velvet announced the Aerodrome partnership, framing the integration as a means of improving pricing and fills for users on Base. The platform positions itself as an AI-driven onchain trading and portfolio terminal.

VELVET's price behavior, including its rapid correction and subsequent recovery, follows patterns previously associated with tokens subject to price-manipulation allegations in other segments of the market.