in 1mo· 10 AugAirdrop/Snapshot

Airdrop Distribution

Medium5.5

◆ Description

Velvet distributes 2.7M VELVET to users. The source states gem pool results affect participant allocation.

◆ Why it matters

This event puts new VELVET into user wallets on a firm date, changing circulating supply and near-term trading dynamics immediately. That matters for price discovery and sell pressure, but the re-rate stays contained because the event does not change the token's core demand drivers or valuation thesis.