Sui Foundation has denied allegations of insider trading of $400 million worth of SUI tokens. The foundation tweeted that the wallet address involved in the sale likely belongs to an infrastructure partner, and the token releases are in line with Sui's lockup schedule.

A Lightcrypto analyst has expressed doubts about the sustainability of SUI's growth, comparing it to Solana. Despite the rally, insider trading allegations have driven the price down 5% in the last 24 hours. 📉

Sui Foundation insists that no insider or investor has violated the token delivery schedule. The sale is likely being carried out by a partner who complies with all the rules.