Slow Fog: The Sui ecosystem project OceansGallerie poses high risks, with the token plummeting by dozens of times within less than a week of issuance.

PANews reported on November 27 that the founder of Slow Fog, Yu Xian, stated that the Sui ecosystem project OceansGallerie is indeed quite strange, with the token pool being overly controlled. The total supply of OCEANS tokens is 10 billion, with holders being too concentrated. Within less than a week of issuance, the token has already plummeted by dozens of times, and the pool is now below $20,000. The addresses of abnormal operations are strongly linked to the issuance address of the OCEANS token.

Additionally, X user @tongyiju stated that Cetus Protocol announced the creation of an Oceans pool on November 20, promising daily incentives. On November 23, Oceans announced cooperation with an investment fund under ADA. @tongyiju invested tens of thousands of Sui as liquidity, but at 3 AM yesterday, the project party withdrew the liquidity, causing the pool to crash.