Sui Foundation: The seller of 400 million USD worth of SUI is not an insider, but possibly a infrastructure partner
The public chain project Sui Network stated on platform X that in response to the accusation of "Sui insiders selling tokens worth 400 million dollars during this surge", the Sui Foundation wants to directly respond to this person: 1. During this period, no insider, foundation or Mysten Labs (including Mysten Labs founders) employees or ML investors sold tokens worth 400 million dollars either individually or collectively. Insiders did not participate in any preemptive selling or actions violating lock-up periods and circulation supply plans. 2. Although the poster did not provide a wallet address, we believe that the potential owner of the wallet is an infrastructure partner who owns tokens according to the lock-up period. All token lock-up periods are executed by qualified custodians and continuously monitored by the Sui Foundation, and this partner complies with regulations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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