$VELVET Crash Update News 👀

Another major move has been spotted:

• 3M $VELVET transferred from Bitget cold wallet → hot wallet
• Split across 5 fresh wallets
• 1.66M $VELVET (~$2.6M) deposited to Gate

This looks like a classic distribution setup.

No confirmed sell-off yet, but I'm keeping a close eye on: • Whale longs fading
• Open Interest declining
• Increasing exchange inflows

Something could be brewing. Stay alert. 🔥