2 hours ago
The Sui Foundation has firmly denied caller speculation alleging insider trading pursuing a $400 cardinal merchantability of SUI tokens during the latest price surge.
The instauration emphasized that determination has been nary premature selling oregon breach of lock-up agreements successful an Oct. 14 station connected X. It added:
“No insiders—including employees of the Foundation, Mysten Labs (or its founders), and Mysten Labs investors—have sold $400 cardinal worthy of tokens during this period, either individually oregon collectively.”
The Sui Foundation further stated that the docket for each locked tokens remains intact.
Allegations
The connection comes aft definite crypto members of the assemblage raised concerns implicit the merchantability and alleged that it was conducted by ICO-era wallets.
The Sui Foundation suggested that the allegations mightiness beryllium referring to a wallet managed by an “infrastructure partner.” This unnamed spouse reportedly holds tokens nether a lockup docket and, according to the Foundation, remains compliant with each enforced lockup conditions.
Despite the reassurances, immoderate successful the crypto assemblage stay skeptical. Kyle Samani, managing spouse astatine Multicoin Capital, criticized the Foundation’s statement, arguing that it was “written arsenic deceptively arsenic possible.“
The station Sui Foundation rebuffs allegations of insiders selling tokens worthy $400 million appeared archetypal connected CryptoSlate.
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