Bubblemaps’ data is detailed: 72 million tokens were precisely transferred before the pump, and after an 80% decline, retail investors ended up footing the bill—another classic script on BSC played out again.

CryptoWorld News reports that, according to bubblemaps monitoring, the BSC trading terminal project Velvet recently surged to an approximate FDV of $1.5 billion, then its price fell by about 80% from its high. bubblemaps says that in March this year, Velvet creator address 0x579d transferred 72 million Velvet tokens (then worth about $25 million) to a new wallet 0x150c, between June 6 and 9, during which the wallet transferred about $2.5 million worth of Velvet to a centralized exchange. The relevant transfers took place during Velvet’s rapid price surge, and a few days later the token dropped significantly from its peak.