#SUIđ„ Responded to selling allegations
Sui Foundation responded to insider allegations of selling $400 million in tokens: there has been no preemptive selling or violation of lock up plans
The Sui Foundation, in response to allegations that âSui insiders sold $400 million worth of tokens during the uptrend,â stated that the Sui Foundation hopes to directly respond to this person:
No insiders, including employees of the foundation or Mysten Labs (including Mysten Labs founder), as well as investors in ML, have sold tokens worth $400 million during the uptrend, either individually or in combination. Insiders did not engage in any preemptive selling or violation of lock up and circulation supply plans.
Although the poster did not provide a wallet address, the Sui Foundation believes that the potential owner of the wallet is an infrastructure partner who owns tokens and follows a lock up plan. All token lock ups are carried out by qualified custodians and continuously monitored by the Sui Foundation, and the operations of this partner are compliant.
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