Tanju Akbıyık 
Sui, one of the projects that resonated in the crypto world, has been on the agenda with both positive developments and some controversial claims in recent days. Sui, which aims to strengthen the Web3 infrastructure, has attracted great attention in a short time. However, recent allegations of insider selling have worried investors.
In recent days, Sui has been on the agenda with both positive developments and some controversial allegations. In particular, insider selling allegations on social media have attracted the attention of investors. However, the Sui Foundation flatly denied these allegations. The foundation said that no one at the foundation or main contributor Mysten Labs sold $400 million worth of tokens during the recent price spikes.
“Neither insiders, nor the Foundation, nor Mysten Labs employees (including the founders of Mysten Labs), nor ML investors, individually or collectively, sold $400 million worth of tokens during this period,” the non-profit organization supporting the Sui blockchain responded to the allegations.
During the token’s price surge, Lightcrypto suggested that some people, whom it called “insiders”, sold large amounts during this process. However, these claims were made without sharing any concrete wallet address. Sui officials aim to reassure investors by stating that such speculation should not harm the reputation of the project.
You can access the Sui project review and details here.
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