Sui Foundation: The seller of 400 million dollars worth of SUI is not an insider, but may be an infrastructure partner
ChainCatcher news, the public chain project Sui Network stated on the X platform that in response to the accusation of "Sui insiders selling $400 million worth of tokens during this surge," the Sui Foundation would like to directly address this individual:
During this period, no insiders, foundation, or employees of Mysten Labs (including the founders of Mysten Labs) or ML investors sold $400 million worth of tokens individually or collectively. Insiders did not participate in any preemptive sales or violate lock-up periods and circulation supply plans.
Although the poster did not provide a wallet address, we believe the possible owner of the wallet is an infrastructure partner who holds tokens according to the lock-up period. All token lock-up periods are enforced by qualified custodians and continuously monitored by the Sui Foundation, and this partner complies with the regulations.
