Slow Fog Cosine: The Sui ecological project OceansGallerie has high risks, suspected of the project party withdrawing liquidity

ChainCatcher news, Slow Fog founder Yu Xian stated, "The Sui ecosystem project OceansGallerie (@OceansGallerie) is indeed quite strange. The token pool is too centralized, with a total supply of 10 billion OCEANS. The holders are overly concentrated, and the token has dropped by dozens of times in less than a week. Now the pool has less than $20,000. The addresses involved in abnormal operations have a strong correlation with the OCEANS token issuance address."

Additionally, X user @tongyiju reported that Cetus Protocol tweeted on November 20 about creating an Oceans pool, promising daily incentives. On November 23, Oceans announced a partnership with an investment fund under ADA. @tongyiju invested tens of thousands of Sui as liquidity, but at 3 AM yesterday, the project team withdrew the liquidity, causing the pool to crash.