Sui Foundation Denies Allegations of Token Dumping

Sui Foundation's Response to Allegations

The Sui Foundation has firmly denied recent accusations regarding the alleged dumping of its native SUI token on Binance. These claims suggested that the organization had unlocked SUI staking rewards and sold them on the cryptocurrency exchange. The Foundation clarified its position in a detailed communication, emphasizing that no locked or non-circulating tokens, including staking rewards, were sold.

Clarification on Token Circulation

The Foundation highlighted that all tokens involved remain locked or are otherwise non-circulating. This clarification aims to dispel any misinformation about the handling and distribution of SUI tokens. Transparency in token management remains a priority for the team behind the Sui network.

Commitment to Transparency

Maintaining an open dialogue with the community is essential for the Sui Foundation. By addressing these allegations head-on, the organization seeks to reassure stakeholders of its commitment to transparency and responsible token management. This approach is designed to uphold trust and integrity within the Sui ecosystem.

Ensuring Trust in the Sui Ecosystem

By refuting these claims, the Sui Foundation underscores its dedication to fostering trust among its users and partners. The organization's proactive response is intended to maintain confidence in the Sui network's operations and the management of its native SUI token. This commitment is vital for the continued growth and stability of the platform.