Over the past 1 to 2 hours, VVV has been frequently transferring funds between the Coinbase Prime hot wallet, the deposit address, and the Flowdesk deposit address: 1 day ago, the Prime Deposit transferred 6.877K and 53.66K coins to the hot wallet, followed by the hot wallet transferring 59.203K coins out to the Coinbase Deposit; 7 hours ago, the Prime Deposit transferred 142.5K coins to the hot wallet; 6 hours ago, the hot wallet sent a total of 143.331K coins to the Prime Deposit in three transactions; 2 hours ago, the Prime Deposit transferred 99.777K coins to the hot wallet, while the hot wallet simultaneously transferred a total of 99.719K coins to multiple Flowdesk deposit addresses. Overall, this shows a continuous transfer of funds from a custodial hot wallet to a market-making platform. The “dog”/bag-holder has been distributing supply; going forward, it may continue to distribute via Flowdesk, or transfer to an exchange to create sell pressure. $VVV
