The Sui team has responded to allegations of insider sales amounting to $400 million amid a significant price surge of over 120% in 30 days. They denied any wrongdoing, asserting that no insiders from the Sui Foundation, Mysten Labs, or affiliated investors sold tokens during this period.

The claims originated from crypto analyst Light, who suggested that ICO wallets were responsible for the sales. In their defense, the Sui team emphasized that any token lockups are managed by qualified custodians and are monitored for compliance. Despite a slight dip in SUI's price, the cryptocurrency has performed strongly overall this year, though the insider trading allegations have raised concerns among investors.#BTCUptober #10MTradersLeague #BTCBreaks66K #HBODocumentarySatoshiRevealed #Write2Earn!