🚨 Update $VELVET
In the past 24 hours, approximately 30.5 million of $VELVET tokens (valued at an estimated $12–13 million) were transferred from the Sablier Lockup contract to the same Gnosis Safe wallet via multiple transactions.
The transfers included several batches ranging between 3 and 5 million tokens, following a pattern similar to what was observed during previous periods of volatility.
It’s still too early to know the true purpose of these transfers—whether it’s a vesting payout, treasury management, or preparation for another move. However, these movements occurring before the scheduled lock release on July 10 make them worth monitoring.
I’ll be closely tracking this wallet to see whether any of these tokens will move to trading platforms. 👀
#VELVET_BECOME_BULLISH
In the past 24 hours, approximately 30.5 million of $VELVET tokens (valued at an estimated $12–13 million) were transferred from the Sablier Lockup contract to the same Gnosis Safe wallet via multiple transactions.
The transfers included several batches ranging between 3 and 5 million tokens, following a pattern similar to what was observed during previous periods of volatility.
It’s still too early to know the true purpose of these transfers—whether it’s a vesting payout, treasury management, or preparation for another move. However, these movements occurring before the scheduled lock release on July 10 make them worth monitoring.
I’ll be closely tracking this wallet to see whether any of these tokens will move to trading platforms. 👀
#VELVET_BECOME_BULLISH