Verasityâs $VRA token flash-crashed over 30%, triggering liquidations and reigniting fears around PoV token minting and insider dumps. Hereâs what really happened.
Author: Tanishq Bodh
Written On: Wed, 23 Jul 2025 16:01:39 GMT
July 23, 2025 â Verasityâs native token $VRA suffered a brutal 30â35% 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, Verasityâs terms of use permit this minting and selling behavior without legal consequenceâraising 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 hasnât 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. KuCoinâs order book, according to several users, âthinned outâ moments before the crashâfueling rumors of orchestrated market manipulation.
Given $VRAâs 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 fundamentalsâa 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 soldâbut the technical overlap leaves room for abuse, and investors canât 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 isnât cleared, none of that matters.
Todayâs flash crash didnât just wipe portfoliosâit punched a hole in community trust.
For now, itâs rinse and repeat.
If the long-delayed PoV migration finally happensâand insider minting stopsâa 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 technologyâironically praised for ârestoring transparency to digital advertising.â
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