Monitored by Woofun AI, the wallet linked to the VELVET deployer executed significant outflows to centralized exchanges preceding a notable market downturn. This specific address initially accumulated 72 million VELVET tokens, valued at approximately $25 million, during March. Between June 6 and June 9, it transferred assets worth roughly $2.5 million to trading platforms.

Concurrently, the project team has declined to provide a detailed rationale for these movements, characterizing the resulting price fluctuations merely as 'speculative behavior'.