Velvet Capital’s VELVET token rallied sharply on August 11, 2026, amid growing interest in SocialFi trading platforms and a broad surge in market activity. One report said VELVET rose about 54% over 24 hours after jumping from $0.4300 to $0.8415 and then easing to roughly $0.69 by 1:30 PM UTC, while a newer market update put the gain at 35.34%. The move was accompanied by stronger spot trading, derivatives volume that rose by more than 5,300%, and a 65.81% increase in open interest, indicating fresh speculative positioning. The rally was linked to retail interest in social trading tools such as FOMO and Velvet X, though VELVET remained well below its June all-time high near $2.09.