Sui denies insiders dumping $400 million worth of tokens, saying it may be a normal operation of infrastructure partners

Sui Network responded to the accusation that "Sui insiders sold tokens worth $400 million during this period of increase." The Sui Foundation stated that "1. During this period, no insiders, foundation, or employees of Mysten Labs (including Mysten Labs founder) or ML investors sold tokens worth $400 million individually or collectively. Insiders did not participate in any preemptive selling or violation of lock-up and circulation supply plans. 2. Although the poster did not provide a wallet address, we believe that the likely owner of the wallet is an infrastructure partner who owns tokens according to the lock-up period. All token lock-up periods are executed by qualified custodians and continuously monitored by the Sui Foundation, and the partner complies with regulations."