{"id":139877,"date":"2024-10-16T20:30:11","date_gmt":"2024-10-16T17:30:11","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139877"},"modified":"2024-10-16T16:42:11","modified_gmt":"2024-10-16T13:42:11","slug":"sui-denies-400-million-sell-off-rumors-amid-market-concerns","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sui-denies-400-million-sell-off-rumors-amid-market-concerns\/","title":{"rendered":"Sui Denies $400 Million Sell-Off Rumors Amid Market Concerns"},"content":{"rendered":"<p>A crypto analyst known as Light recently <strong><a href=\"https:\/\/x.com\/lightcrypto\/status\/1845636291460772163\" target=\"_blank\" rel=\"nofollow\">claimed<\/a><\/strong> that insiders of this layer-1 project were offloading their tokens, citing a distribution chart from the recent initial coin offering (ICO).<\/p>\n<p>Light expressed concern that developers, who likely have a deeper understanding of the token\u2019s potential, are selling large quantities to less informed investors seeking quick profits. He cautioned that this trend often leads to unfavorable outcomes for retail buyers.<\/p>\n<p>In response, the <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/sui\/\">Sui<\/a><\/strong> Foundation emphasized that these transactions originated from an infrastructure partner, not from project insiders.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/heres-what-could-enhance-the-odds-for-xrp-etf-approval\/\" title=\"Here\u2019s What Could Enhance the Odds for XRP ETF Approval\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/10\/ripplexrp1232131213-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Here\u2019s What Could Enhance the Odds for XRP ETF Approval<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>They stated that no employees from the Foundation or its development partner, Mysten Labs, have engaged in selling tokens, nor have they violated any lockup agreements.<\/p>\n<p>The Foundation also highlighted that all token lockup protocols are strictly enforced by qualified custodians and are subject to continuous monitoring to ensure adherence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid allegations of insider trading, the Sui project is addressing concerns that $400 million worth of SUI tokens have been sold off.<\/p>\n","protected":false},"author":9,"featured_media":137521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-139877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sui Denies $400 Million Sell-Off Rumors Amid Market Concerns<\/title>\n<meta name=\"description\" content=\"Amid allegations of insider trading, the Sui project is addressing concerns that $400 million worth of SUI tokens have been sold off.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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