TechFlow news: The head of South Korea's Financial Supervisory Service stated, "Sui has dropped over 67% within five months of its listing, primarily due to falsified circulation data. We will investigate whether the Sui team manipulated token supply."
In response, the Sui Foundation denied these allegations on the X platform. The Sui Foundation stated it has always been and will continue to operate in full compliance and transparency while collaborating with DAXA and its member exchanges. Claims of "manipulating SUI token supply" are groundless and seriously false.
After the initial Community Access Program (CAP) distribution, the Foundation has never sold any SUI tokens. The circulating supply schedule displayed on the Sui Foundation's official website is accurate. Moreover, the Sui Foundation has never liquidated any Sui tokens, including staking rewards.
Every token transfer made by the Sui Foundation is fully transparent and can be verified on-chain. The Foundation will continue maintaining transparency and openly communicating the timeline for SUI token circulation. It is actively combating misinformation and FUD through multiple channels.
