Wu Shuo learned that, according to Bubblemaps monitoring, the trading terminal project Velvet (VELVET) on BSC recently surged to approximately $1.5 billion FDV before dropping about 80% from its high. Bubblemaps states that in March of this year, VELVET creator address 0x579d transferred 72 million VELVET (worth about $25 million at the time) to a new wallet 0x150c; between June 6 and 9, this wallet transferred about $2.5 million worth of VELVET to a centralized exchange. Bubblemaps pointed out that these related transfers occurred during the rapid rise phase of VELVET, and a few days later, the token significantly retreated from its high.