Sui Foundation Debunks Claims of Insider Token Sale The Sui Foundation has refuted allegations suggesting that an insider sold $400 million worth of SUI tokens during the recent price rally. The foundation emphasized that neither the Sui Foundation, Mysten Labs (Sui's developer), employees, nor investors were involved in any token sales. "No insider has ever made pre-emptive sales or violated any lockup or distribution schedule," the Sui Foundation stated in a Twitter thread. The foundation has identified the wallet involved in the sales as likely belonging to an infrastructure partner holding SUI tokens. They maintain that the partner is compliant with the foundation's token lockup protocols. Foundation Monitors Token Lockups The Sui Foundation reiterated that it closely monitors all token lockups. They assured the community that no party has breached any lockup agreements. Conclusion The Sui Foundation's swift response to these allegations demonstrates its commitment to transparency and investor confidence. The identification of the selling wallet as belonging to an infrastructure partner aligns with the foundation's previous statements regarding token distribution. This clarification helps dispel any concerns about insider trading and reinforces the foundation's commitment to responsible token management. The Sui ecosystem remains on track to deliver innovative blockchain solutions.