VELO LABS and BRICS PAY Insights

There's this little-known project that isn't exactly winning over its investors or custodians. Still, I've heard some buzz about them possibly teaming up with BRICS countries to create a bridge and their own stablecoins. They've got a reputation for some wild coin unlocks and shifting their roadmap pretty often. What's crazy is that 90% of the total supply is held in just the top 10 wallets. You can check that out on the blockchain explorer. They've printed a whopping 17 billion coins, but if the team’s claims hold water, only a few billion will actually be in circulation. Plus, they have a staking program that’s supposed to cut down the supply hitting the market. Just to be clear, my viewpoint here is pretty short term. I'm thinking we could see it pump to around $0.05 by January 5, 2026. Would love to hear your thoughts and any info you might have that could help everyone make a better decision.

Based on the chart, we are at the bottom.