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.
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