Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Sui Foundation rebuffs allegations of insiders selling tokens worth $400 million

Share This Post

The Sui Foundation has firmly denied recent speculation alleging insider trading following a $400 million sale of SUI tokens during the latest price surge.

The foundation emphasized that there has been no premature selling or breach of lock-up agreements in an Oct. 14 post on X. It added:

“No insiders—including employees of the Foundation, Mysten Labs (or its founders), and Mysten Labs investors—have sold $400 million worth of tokens during this period, either individually or collectively.”

The Sui Foundation further stated that the schedule for all locked tokens remains intact.

Allegations

The statement comes after certain crypto members of the community raised concerns over the sale and alleged that it was conducted by ICO-era wallets.

The Sui Foundation suggested that the allegations might be referring to a wallet managed by an “infrastructure partner.” This unnamed partner reportedly holds tokens under a lockup schedule and, according to the Foundation, remains compliant with all enforced lockup conditions.

Despite the reassurances, some in the crypto community remain skeptical. Kyle Samani, managing partner at Multicoin Capital, criticized the Foundation’s statement, arguing that it was “written as deceptively as possible.

The post Sui Foundation rebuffs allegations of insiders selling tokens worth $400 million appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Delhi Court Suggests CBI Should Take Over ₹2,000 Crore WazirX Crypto Scam Case

The post Delhi Court Suggests CBI Should Take Over ₹2,000 Crore WazirX Crypto Scam Case appeared first on Coinpedia Fintech News A major crypto fraud linked to one of India’s biggest crypto

Lyft to Leverage Solana DePIN Project Hivemapper Through Bee Maps

Lyft, a ride-sharing company with over 2 million drivers, will leverage Hivemapper, a Solana-based DePIN application, as a low-level, street-focused mapping solution Lyft will implement solutions

Hyperliquid (HYPE) Price Analysis: A Breakout to $28 Coming Soon?

The post Hyperliquid (HYPE) Price Analysis: A Breakout to $28 Coming Soon appeared first on Coinpedia Fintech News Hyperliquid’s native token, HYPE, is garnering attention from traders, with

Bitcoin Could See Short-Term Holder Selloff Around These Levels, Analyst Says

An analyst has explained how Bitcoin could face significant waves of selling pressure from the short-term holders around these price levels Bitcoin Short-Term Holder MVRV Could Flag These Levels As

Draper ย้ำเป้า Bitcoin ที่ $250,000 ขณะ $BTCBULL ชูจุดแข็งแจก Bitcoin จริง

วันที่ 15 พฤษภาคม 2025 นักลงทุนพันล้านชื่อดังทิม เดรเปอร์ (Tim Draper)

Crypto News: Kevin O’Leary Backs HBAR, Predicts Trillions in Inflows 

The post Crypto News: Kevin O’Leary Backs HBAR, Predicts Trillions in Inflows  appeared first on Coinpedia Fintech News At the Consensus 2025, Kevin O’Leary, the chairman of O’Leary