Foundation

Coin

<ul class="news-points wp-block-list">
 <li>Sui Foundation denies insider token sales during recent price surge allegations.</li>
 <li>SUI shows volatility, nearing overbought territory with a possible short-term correction.</li>
 <li>Liquidations surge as SUI price fluctuates, peaking during September’s short squeeze.</li>
</ul>
The Sui Foundation has denied allegations of insider trading after claims surfaced that insiders sold $400 million worth of SUI tokens during a recent price surge. The Foundation stated that no employees, founders, or investors were involved in the alleged selling, which would have violated lockup agreements.
The <a href="https://x.com/SuiNetwork/status/1845890142906863865" target="_blank" rel="noopener noreferrer nofollow">allegations</a> emerged without specific wallet addresses, but the Foundation said it identified a potential wallet belonging to an infrastructure partner who holds tokens under a strict lockup schedule. The Foundation maintains that no insiders were involved in the alleged token sales.
<h2 class="wp-block-heading" id="h-sui-market-overview-and-trading-volatility">Sui Market Overview and Trading Volatility</h2>
Despite this, SUI has experienced volatility in its trading behavior. During the time of writing, SUI was priced at $2.21, reflecting a 1.47% decline over the past 24 hours. This dip mirrored a decrease in SUI’s market cap, which fell to $6.10 billion.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfSGK_9Zic0C8S9sifEam-D9nwximKrfEaEerZW6GE_AfV2hu1HLZC6MZrjTzcJMSICrFjDs1A4i18jYdup0_Udb201KAWnCuOVuzA0xPdxdEYYfv7m5VPs4Vavjvo4z6MJI8sTC44dAgCOqxhh8offERgn?key=-iM2lIbn-5az7WD3BLFtbw" alt="">
</figure>
Source: <a href="https://coinmarketcap.com/currencies/sui/" target="_blank" rel="noopener noreferrer nofollow">Coin…</a>
The post <a href="https://coinedition.com/sui-foundation-denies-insider-trading-sui-price-falls-1-47/" rel="noopener noreferrer nofollow">Sui Foundation Denies Insider Trading, SUI Price Falls 1.47%</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Sui Foundation Denies Insider Trading, SUI Price Falls 1.47%

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