Sui Foundation: The claim of "manipulating token supply" is baseless and seriously misleading

2023-10-18 08:22:17

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ChainCatcher news, the Sui Foundation tweeted to deny earlier reports about its "manipulation of SUI token supply." The Sui Foundation stated that the claim of "manipulating SUI token supply" is baseless and seriously misleading. Since the initial Community Access Program (CAP) distribution, the foundation has never sold any SUI tokens.

Furthermore, the Sui Foundation has never liquidated any SUI, including staking rewards, and every token transfer by the foundation is public and transparent, verifiable on the blockchain. The foundation is combating misinformation and FUD through various channels.

According to previous reports, the head of the Financial Supervisory Service of South Korea recently stated that the sharp decline in the price of SUI tokens may be primarily due to the official misreporting of circulation, which was not disclosed to users. Therefore, an investigation will be conducted to determine whether Sui is a scam.

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