VELVET deployer associated address transfers over $2.5 million in tokens to exchange before plummeting According to Foresight News, the on chain analysis platform Bubblemaps tweeted that VELVET deployers' associated addresses transferred a large amount of tokens to centralized exchanges before the token crash. The token creator's associated address received 72 million VELVETs (approximately $25 million) in March and transferred approximately $2.5 million in tokens to the exchange between June 6th and 9th. The project party has not yet provided an explanation for these transfers, only describing price fluctuations as' speculative behavior '.