VELVET deployer associated address transfers $2.5 million in tokens to exchange before plummeting

On chain analysis platform Bubblemaps stated 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 did not provide an explanation for the transfer and only described the price fluctuations as "speculative behavior".