The Sui Foundation, the foundation behind Sui Network (SUI), has denied claims that locked SUI rewards are being sold on Binance.
Sui Foundation June 27 Posted on his official social media account on in the shipmentall unlocks in line with the roadmap stating that he has progressed Binance over SUI or any One not selling tokens explained.
The foundation never realizes that the reported market value that you are not exceeded underlining the alleged transaction contractual One lock payment subject to agreement stated that.
On the other hand, the subject claims, “DeFi Squared” It was put forward by a popular trader with the pseudonym. Trader has been on SUI for the past month the selling pressure is not over and this situation make you suspect stated.
On-chain analytics platform Coinmarketcap every month for SUI only One Although it is reported that there will be a lock opening sales pressure this data that you denied hinting to the trader that SUI official One not to publish a roadmap also noticed.
In this context, DeFi Squared is the Sui Foundation’s 3 billion that it has locked SUI and obtained from these assets 27 million from the prize of 3.1 million to different wallets having been divided later Transferred to Binance stated. your foundation 6 times the circulating supply It was also among the highlighted details that it has more assets.
Dividing transferred funds into different wallets make tracking difficult Claiming that it may have been made for the trader, currently the Sui team is also published on Binance. unofficial way to the map literally that you don’t have to comply He supported his thesis with his statements.
The trader also to hyperinflation in such a way as to cause have been increased SUI in the current state while underlining purchasing power monthly 20% He noticed that he was weak. Current loss of purchasing power in SUI by 2022 to hyperinflation exposed from Venezuelan Bolivar even high was emphasized.
According to the information provided by DeFi Squared demand staking from awards to market 33 million piece SUI spreading. in circulation 600 million of the SUI 250 million your custom beyond the foundation’s control taking into account that from staking rewards spread on the market tokens your foundation out of control found circulating supply monthly 10% is increasing.
After the allegations, according to Coinecko data SUIdepreciating more than 7.5% 0.741 at dollar level 0.685 to dollar level declined. End in 30 days in SUI depreciation to 35% approached.