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VELVETUSDT

Perp

0.79893

+147.13%

The project team transferred 22 million VELVET tokens (worth $19.8 million) to centralized exchanges, while market maker DWF Labs deposited 6.68 million VELVET (about $6 million) during a massive tenfold price surge.

This synchronized movement of over $25 million in tokens to exchanges heavily suggests insider selling pressure and derivative liquidations rather than an accumulation effort.