Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Will VELO price crash as a 3 billion token unlock looms?
Share
  • bitcoinBitcoin(BTC)$121,332.31
  • ethereumEthereum(ETH)$4,330.28
  • tetherTether USDt(USDT)$1.00
  • binancecoinBNB(BNB)$1,281.59
  • rippleXRP(XRP)$2.79
  • solanaSolana(SOL)$219.92
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.243371
  • tronTRON(TRX)$0.336474
  • cardanoCardano(ADA)$0.80
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Market > Will VELO price crash as a 3 billion token unlock looms?
Market

Will VELO price crash as a 3 billion token unlock looms?

admin
Last updated: 03/09/2025 3:24 Chiều
admin
Published 03/09/2025
Share


VELO price has dropped over 13% in the past 7 days. With a major token unlock event set for late September, will the current losses continue?

Summary

  • VELO price is down roughly 13% in the past 7 days.
  • 3 billion VELO tokens are set to be unlocked this month.

According to data from crypto.news, Velo (VELO) was trading at $0.013 last check, Sep. 3 afternoon Asian time. At this price, it is down 13.4% over the past 7 days and 64% below its year-to-date high.

As per data from Token Unlocks, 3 billion VELO tokens, worth roughly $39.67 million, are set to be released into circulation at 12:00 AM UTC on Sep. 20. The unlocked figure represents about 17% of the circulating supply and approximately 12.5% of VELO’s total supply.

Out of the unlocked tokens, 900 million, valued at $11.9 million, will be allocated to founders, while the remaining 2.1 billion tokens will be released to the Velo development reserve.

Large-scale token unlocks tend to exert selling pressure, as investors often weigh the possibility of an open market sell-off. On top of that, if the related project fails to generate sufficient demand from investors to absorb the additional supply following the unlock event, that can amplify concerns.

VELO’s recent price decline could likely be hinting at such concerns among traders ahead of the token unlock event, which could lead to a steeper correction. Such preemptive selling can lead to weakness in the token’s price even before the actual unlock event occurs.

However, Velo could abate much of this selling pressure if it successfully generates additional demand for its token through any major development.

As such, the protocol has recently teased plans to launch stablecoins pegged to multiple Southeast Asian currencies, including Thai Baht (thb), Vietnamese Dong (vnd), Philippine Peso (php), and Indonesian Rupiah (idr).

If the planned rollout takes place, it could act as a catalyst driving renewed interest from investors and users alike. This, in turn, could help absorb some of the additional supply introduced by the upcoming token unlock, potentially offsetting selling pressure on the token.

On the daily chart, VELO has been trading within a descending parallel channel for nearly the past two weeks.

The token’s price has also dipped below all major moving averages. Typically, this means sellers are currently the dominating force influencing price action.

VELO price forms a descending parallel channel on the daily chart.
VELO price forms a descending parallel channel on the daily chart — Sep. 3 | Source: crypto.news

Momentum indicators such as the MACD and Relative Strength Index were also pointing downwards, with the RSI still far from oversold levels. This confirms that the short-term outlook remains bearish for the moment.

VELO MACD and RSI chart.
VELO MACD and RSI chart — Sep. 3 | Source: crypto.news

As such, VELO may continue to trend lower if it continues to trade within the descending channel.

Based on these technicals, the most likely target for Velo remains down at $0.0119, which has acted as a strong support area multiple times earlier this year. If the support fails to hold, a move towards $0.010, a psychological support level, may be on the table.

However, a bullish breakout above the upper boundary of the channel would invalidate this setup.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

You Might Also Like

PUMP price jumps 22% as token buybacks fuel investor interest

Particle Network price surges 12% as Universal Accounts skyrocket over 500% in Q1

Pi crypto price eyes a breakout ahead of Consensus news

Ethereum price stalls as whales sell $530M coins: can it surge to $4,000?

Monero eyes Rounded Bottom reversal towards $417 resistance

TAGGED:billioncrashloomspricetokenunlockVELO

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Time for a makeover: Crypto needs a rebrand
Next Article World Liberty Financial burns 47M tokens — will WLFI price recover?
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
Here’s why altcoins like Stacks, Flare, Jasmy, and Dogecoin rising
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?