The deployer-linked address of VELVET transferred over $2.5 million worth of tokens to exchanges before the price crash.

ForesightNews2026/06/16 04:15

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Foresight News reported that the on-chain analytics platform Bubblemaps tweeted that the VELVET deployer-related address transferred a large number of tokens to centralized exchanges before the token price plummeted. The address associated with the token creator received 72 million VELVET (approximately $25 million) in March, and from June 6 to 9, about $2.5 million worth of tokens were transferred to exchanges. The project team has not explained these transfers to date, only describing the price fluctuations as "speculative behavior."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Goldman Sachs Volatility Panic Index surged to 9.57, approaching its maximum value, with the largest single-day increase ranking third in history, and the combined two-day volatility setting a new record. Historical data shows that after this index has exceeded the 9.5 threshold 15 times, the S&P 500 has seen an average three-month gain of 4.6% with a success rate of 80%. However, Goldman Sachs traders warn that forced liquidations have not yet fully cleared, and the market is still searching for a bottom, but opportunities on the other side are becoming increasingly difficult to ignore.

华尔街见闻•2026/11/07 07:31