VELVET Creator's Associated Address Transfers $2.5M in Tokens to Exchanges Between June 6–9

VELVET11.79%
According to Foresight News citing Bubblemaps, the VELVET token creator's associated address transferred approximately $2.5 million in tokens to centralized exchanges between June 6–9. The address had received 72 million VELVET tokens (worth around $25 million) in March. The project has not provided an explanation for the transfers, describing recent price movements only as speculative behavior.
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