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SUI Token Price Dips Following Insider Selling Rumors – What’s Next?

  • The SUI token price has dipped following rumors of insider selling related to the Sui Foundation.
  • Crypto analyst @lightcrypto highlighted suspicious wallet activity involving the redemption and transfer of over 82.6 million SUI tokens.
  • The Sui Foundation clarified that no insiders associated with the foundation or Mysten Labs have sold tokens during the price rally.
  • SUI's price dropped by 2% amidst the allegations, with technical analysis suggesting potential further declines.

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