Sui

$SUI

"Infrastructure Partner" Sells $400M Worth of Sui During Run-up

SUI has faced accusations for insiders dumping $400M worth of tokens in recent weeks, with people saying that insiders dumping the token it's not a good sign.

The link I've shared is from SUIs official response which explains that no "insiders" have sold that amount of tokens either individually or combined. They then go on to explain that there was a wallet belonging to an "infrastructure partner" who had indeed been selling this amount of tokens, but that this was an infrastructure partner, not an insider, and their token sell was legal.

I really like the comments on the post, which basically roast SUI for calling an infrastructure partner with $400M worth of tokens "not an insider"... I've added one of my favorite comments as the image, but there's a few good ones.

All fun aside, I don't think it matters much and that any VC backed coin like this is going to have similar stories... But please let me know what you think. Show Less

https://x.com/SuiNetwork/status/1845890142906863865?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1845890142906863865%7Ctwgr%5E9a800fc1a3706c7474cde43c614e24259a959256%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointab.com%2Fsui-foundation-400m-insider-allegations%2F
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