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Verasity’s $VRA token flash-crashed over 30%, triggering liquidations and reigniting fears around PoV token minting and insider dumps. Here’s what really happened.
Author: Tanishq Bodh
Published On: Wed, 23 Jul 2025 16:01:39 GMT
July 23, 2025 – Verasity’s native token $VRA suffered a brutal 30–35% flash crash on July 22, dropping from \$0.00145 to \$0.00099 within minutes on major exchanges. Leverage traders on MEXC and KuCoin were liquidated en masse as volatility spiked unexpectedly. The token briefly recovered to $0.00123, but community sentiment remains shattered.
Though the rebound pushed $VRA up 14% on the 24-hour chart, no one is celebrating.
For longtime $VRA holders, this is nothing new. The cycle is painfully familiar:
But this time, the PoV token supply is once again at the center of controversy.
Numerous community voices on X claim that insiders are minting Proof-of-View (PoV) tokens and then selling them as $VRA on the open market. Some estimate that the circulating supply spiked by 7 billion tokens during the pump.
Worryingly, Verasity’s terms of use permit this minting and selling behavior without legal consequence—raising serious red flags about transparency.
PoV tokens were expected to migrate off the $VRA contract back in 2023 to clearly separate them from the tradeable supply. That migration still hasn’t happened.
Critics argue the delay may be intentional, allowing PoV tokens to remain indistinguishable from \$VRA and enabling stealth dilution.
Some traders accuse exchanges of foul play. MEXC reportedly capped long positions post-dump. KuCoin’s order book, according to several users, “thinned out” moments before the crash—fueling rumors of orchestrated market manipulation.
Given $VRA’s low liquidity and whale-heavy distribution, others believe this was a classic liquidity hunt. The crash forced liquidations at key demand zones, after which smart money accumulated positions before a controlled bounce.
$VRA once peaked at $0.086 in 2021, but every rally since has ended in a downward spiral. From tech announcements to PoV partnerships, price performance rarely follows fundamentals—a major reason investor trust has eroded over time.
The core issue? Transparency.
An estimated 90 billion PoV tokens still sit on the same contract as $VRA. These were originally meant to verify ad views, not be sold—but the technical overlap leaves room for abuse, and investors can’t tell how much $VRA is really in circulation.
The Verasity team did burn 2 billion PoV tokens earlier this year. And the company still touts ad fraud detection patents and bold predictions for 2025 price growth. But if the PoV fog isn’t cleared, none of that matters.
Today’s flash crash didn’t just wipe portfolios—it punched a hole in community trust.
For now, it’s rinse and repeat.
If the long-delayed PoV migration finally happens—and insider minting stops—a relief rally is possible.
But if the team continues its radio silence, and supply games persist, this may have been a warning before a deeper collapse.
Despite its ongoing controversies, Verasity once won the 2022 TechX Innovation Award for its patented PoV technology—ironically praised for “restoring transparency to digital advertising.”
Real voices. Real reactions.
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