This Altcoin Takes Off After Listing On Major Exchange!

The cryptocurrency market has pulled back a bit and calmed down after the recent rise. While Bitcoin continues to trade in a tight range, most altcoins have fallen sharply over the past 24 hours. However, the price of Velodrome Finance’s token VELO has gained more than 56% after the announcement from the OKX exchange.

OKX announced in the announcement that VELO will be listed on the platform. The altcoin will be available for trading starting tomorrow, but deposits are now open.

“OKX is pleased to announce that Velodrome Finance (VELODROME) has been listed on our spot trading markets.”

This announcement triggered a rise in the altcoin price and VELO managed to increase by 15%. However, the real momentum came at the time of the announcement when the token price clearly rose from $0.18 to $0.23 when the initial sales started.

OKX is VELO’s largest supporting exchange to date.

The Velodrome Finance project is the largest decentralized finance platform in the Optimism (OP) network. According to DefiLlama, the platform’s total unlocked value is estimated at $269.42 million, representing 28.19% of Optimism’s TVL. For Velodrome Finance, it is noteworthy that this figure has increased by more than 30% in the last month.

You can follow the current price action here.

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