Why is Velvet (VELVET) up 42.00% Today, August 12? A DeFAI Squeeze Outruns Its Sector

VELVET surged 42% in 24 hours, materially outperforming the DeFAI sector's ~9% gain, consistent with a token-specific momentum/squeeze dynamic rather than a confirmed fundamental catalyst. Turnover is elevated (~16.5% of market cap), suggesting aggressive repositioning and fast profit-taking. While trend structure remains constructive, high wallet concentration and elevated social-spam metrics imply fragile liquidity conditions and higher short-term reversal risk.