TechFlow news, on October 14, according to Cointelegraph, the price of Sui (SUI) has surged over 120% in the past month, reaching $2.25. However, this rally has sparked controversy over insider selling. As disclosed by anonymous analyst Light on the X platform, wallets associated with SUI's initial coin offering (ICO) have sold more than $400 million worth of tokens during this rally, accelerating sales at higher prices. Analysts say large-scale insider selling could exert downward pressure on the token’s price.
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