Key Highlights:

• Sui Foundation strongly denies claims that $400 million worth of SUI tokens were sold by insiders during the recent rally.
• The Foundation blames an infrastructure partner for the token sales, reassuring the community that all token lockups are in place.

Paradisers! Is SUI’s recent meteoric rise hiding a dark secret, or are the rumors of a massive insider sell-off just another conspiracy theory gone wild? 

That’s the burning question after whispers surfaced accusing Sui insiders of offloading a staggering $400 million worth of tokens during the latest price surge. But before you hit the panic button, the Sui Foundation has come out swinging, flatly denying the claims.

According to Sui, no employees, founders, or investors cashed in during this period, dismissing the allegations as “wildly inaccurate.” So, what’s really going on?

What’s Behind the $400M Token Dump?

Sui has pointed the finger at an infrastructure partner, claiming they are the likely source of the token sales. The Foundation has reassured everyone that all token lockups are being strictly enforced and that these sales were not part of any preemptive insider move.

While SUI has skyrocketed by over 108% in the last 30 days, hitting an all-time high of $2.35, the timing of these accusations has the crypto community on edge. Add to that the fact that Sui is becoming the go-to network for web3 gaming projects, and it’s clear that the stakes have never been higher.

Is SUI’s stunning rise about to unravel, or is this just another storm in a teacup? Stay tuned Paradisers.