🚀 **Sui Foundation Denies $400 Million Insider Trading Allegations!** 🚀

- The Sui Foundation, the non-profit organization behind the layer-1 blockchain, has dismissed allegations of a $400 million insider sale of SUI tokens.

- According to a tweet from the foundation, the wallet addresses involved likely belong to infrastructure partners, and the token release was in line with Sui’s lockup schedule.

**SUI $400M Insider Trading Allegations**

- On October 14, crypto analyst Lightcrypto revealed the dramatic, “confusing” rise of SUI.

- Lightcrypto questioned the basis for the surge and compared it to Solana (SOL).

- CoinMarketCap data shows Sui’s FDV has dropped to $21.33 billion, up 96% in the past 30 days.

**SUI Sale by Compliant Partners**

- The Sui Foundation insists that no SUI insiders or investors violated the supply schedule.

- The sale was conducted by a compliant partner, and the foundation monitors and enforces the supply schedule.

What do you think? Come on, let's discuss in the comments column! 💬