According to @EmberCN, Velo (VELO) was listed on Binance Alpha on June 16 and is hosting a $1 million trading competition from June 16 to June 30, where the top 12,500 users will share a prize pool of 76.25 million VELO tokens (approximately $1 million, with each eligible participant receiving 6,100 VELO). As a project established in 2018, Velo is recognized for pioneering cross-border payments and global settlement networks in Web3. This event is expected to drive significant trading activity and liquidity for VELO, potentially impacting its short-term price action and attracting both new and returning traders. The competition's large prize pool and broad eligibility may also increase overall trading volumes on Binance Alpha, creating new opportunities for active crypto traders. (Source: @EmberCN on Twitter, June 18, 2025)

According to Lookonchain, a trader successfully made an unrealized profit of $448,000 by quickly capitalizing on Binance's new listing announcement. The trader purchased 2.45 million VELO tokens by investing 100 ETH, equivalent to $389,000, just one minute after Binance announced VELO's listing. The value of these tokens has since increased to $837,000.

According to EmberCN, Binance announced the listing of VELO an hour ago. Immediately after the announcement, an address quickly purchased 2.45 million VELO tokens at a price of $0.159, using 100 ETH (equivalent to $390,000). Following this strategic purchase, the price of VELO rapidly doubled, turning the initial investment into $820,000.