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CryptoWorld News: According to the on-chain analysis platform Bubblemaps, the address associated with the velvet deployer transferred a large amount of tokens to centralized exchanges before the token’s price crash. The token creator’s associated address received 72 million velvet tokens (about $25 million) in March, and transferred about $2.5 million worth of tokens out to exchanges between June 6 and June 9. The project team did not provide any explanation for the transfers, and only described the price fluctuations as “speculative behavior.”