TL;DR Allegations and Denial: The Sui Foundation faces accusations of insider trading involving $400 million in SUI tokens, which they strongly deny, attributing the sales to an infrastructure partner's lockup schedule. Market Performance: Despite the controversy, SUI has surged over 185% in 2024, reaching a new all-time high of $2.

The Sui Foundation has denied allegations that insiders sold $400 million worth of SUI tokens during the cryptocurrency's recent price surge.

Layer 1 blockchain protocol Sui (SUI) has made headlines recently, recording an impressive 120% increase over the past 30 days, allowing the protocol's native token SUI to outperform the top 10 largest cryptocurrencies on the market, culminating in a new all-time high of $2.35 on October 13. However, since this peak, the token has retreated by nearly 5%, largely due to growing concerns over allegations of insider selling among the project's stakeholders.

The Sui Foundation has strongly denied allegations of insider selling after claims surfaced of a $400 million SUI token selloff by insiders. This had sparked widespread backlash within the cryptocurrency community.

Sui blockchain denies $400 million insider trading allegations following a rapid SUI token price surge, stating that no insiders sold tokens and suggesting the suspicious wallet belongs to an infrastructure partner under lockup.

With the crypto market taking a bullish reversal this week, Bitcoin momentarily topped the $66,000 mark. Amid the increasing bullish momentum, the SUI token marks a new all-time high at $2.3661. However, despite the bullish recovery this week, the lack of bullish exhaustion leads to a minor pullback in the altcoin.

The Sui Foundation has denied allegations that insiders sold $400 million worth of SUI tokens during the recent price surge, asserting that lockups are being properly enforced.

The digital assets industry turned green on Tuesday as Bitcoin jumped from $63,910 to a daily high above $66,400. Positive developments such as increased crypto recognition by US presidential candidates contribute to BTC's upward strength.

The SUI price has come under pressure following allegations of insider selling related to the Sui Foundation, despite a robust 104% rally over the past month. Recent scrutiny intensified when crypto analyst @lightcrypto highlighted suspicious wallet activity, indicating that wallets associated with the Foundation redeemed and transferred over 82.

Crypto Market Update: The crypto business has continued an uptrend, with its market cap increasing by 2.25% in 24 hours to $2.28 trillion. The positive sentiments have pushed the Fear & Greed index's reading to a neutral score of 56. As a result, the trading volumes have surged by 56.

The concerns point to allegations that insiders had taken advantage of SUI's rapid rise last month by selling $400 million worth of tokens.

Bitcoin displayed acute strength and reached highs above $66,000. This move made the market participants hopeful of the next price action, including the other altcoins. However, despite the sluggish BTC price action, the SUI price made huge rounds as it remained elevated.

The claim surfaced as pseudonymous crypto analyst Lightcrypto alleged that insiders sold $400 million worth of Sui during the recent rally.

Reports of the Sui Foundation insider selling of more than $400 million worth of native tokens have come amid a staggering 104% SUI price rally over the past month. The Foundation has responded to this clearing the air on the matter with the native cryptocurrency SUI dropping 2% despite the broader market rally.

Key Points:

The Sui Foundation has strongly refuted allegations of insider token sales amounting to $400 million, as the SUI token reaches a new all-time high. This denial comes in response to claims made by an on-chain analyst named Light, who raised concerns for the sudden surge in the price of SUI.

The SUI token surged, leading to allegations of Sui insider trading by the crypto community.

A widely followed crypto strategist and trader believes that steep rallies are in store for one Solana (SOL) challenger.

The native token for the Layer-1 blockchain network, Sui, is now the best-performing crypto in 2024 after over 6% gain in the last 24 hours. According to data shared by pseudonymous crypto trader ToreroRomero, SUI has overtaken The Open Network (TON) token Toncoin as the best performer year-to-date.

Layer-1 blockchain network Sui has become the standout performer in the crypto market after a more than 2x rise in value this year. According to CryptoSlate data, Sui's native token is up roughly 185% year-to-date, reaching an all-time high of over $2.2.

Toncoin held the top spot in year-to-date gains, but Sui has recently surged past, with an impressive 180% YTD growth.

TL;DR Sui has experienced a 120% increase in its value in a month, reaching $2.24, which has sparked investor interest. However, allegations of insider selling by investors have emerged, which could affect confidence in the token. Investors face a dilemma: capitalize on Sui's growth or consider the risk of market manipulation.

October greets multiple large-cap altcoins with impending $500M token unlock action: shall investors be concerned?

Sui (SUI) has surged to a new all-time high of $2.30 on Monday, driven by a spike in on-chain activity and increased interest in its blockchain capabilities.

Despite the concerns, the SUI token staged an over 120% rally in the past month.

Let's continue with our column on crypto analysis, with market statistics and news of SUI, Kaspa (KAS), and Ethereum (ETH).

As the SUI surged past $2, the bulls utilised all their strength to push the price beyond the current ATH. Now that the price has achieved new highs at $2.36 during the early trading hours, the traders appear to have become optimistic about the next price action.

SUI has shattered its all-time high with a staggering 452% rise, setting the stage for what some analysts are calling the next Solana. With lightning-fast transactions, native USDC support, and explosive ecosystem growth, SUI is making waves in the crypto space.

Here is how some of your favorite assets concluded the week.

Bitcoin's range-bound action looks set to continue, but SUI, APT, TAO, and WIF could rally higher over the coming days.

Despite increased price volatility in the crypto market, the SUI price has outperformed the top crypto projects by successfully achieving a new All-time High (ATH) during the early Asian trading hours. Notably, it has recorded a high of $2.28 with a trading volume of $1.18 billion.

The global crypto market staged a recovery last week, posting a 2.79% increase and closing with a market capitalization of $2.21 trillion. This surge added $60 billion to the market's overall valuation.

SUI, the cryptocurrency that has recently captured attention for its impressive performance, is now showing signs of fatigue after a remarkable 98% gain. With buying activity dwindling, analysts are speculating whether a decline could be on the horizon, potentially leading SUI to test crucial support at $1.70.

Sui (SUI) has been one of the most popular crypto assets of 2024, with notably high market gains and drastic price losses over the year. The altcoin is currently moving sideways following a recent price rally in the last week.

Sui (SUI) could witness a bullish breakout soon enough, with crypto traders betting on the crypto climbing above $2. SUI's fundamentals also paint a bullish picture for the crypto and indicate that it could be one of the best performers in this market cycle.

In the latest ‘Everything Crypto' podcast, the analyst fleshes out SUI price reaching its ATH, and what exactly drove the price upwards. He kept bullish sentiment on SUI prospects, mainly because the general trend for altcoins is always to outshine Bitcoin in this market cycle.

The cryptocurrency market is currently experiencing persistent price fluctuations, leaving many tokens struggling to maintain their momentum. Among these is Sui (SUI), which has recently dipped below critical support levels, raising concerns about its future performance.

Today, three cryptocurrencies, NEIRO, POPCAT, and SUI, have surged past their previous all-time highs (ATH). How did it happen?

Sui's DeFi sector saw substantial growth in Q3 2024, driven by new technologies and partnerships. Key metrics and developments indicate a promising future for the blockchain ecosystem.

Qubetics has emerged as a standout project in the crypto world, breaching the $1.2 million mark with its presale launch. With the current price of $0.0132 per $TICS token in the third presale stage, Qubetics shows immense potential to revolutionise how we approach digital assets.

The head of the company behind the Sui blockchain explains why he thinks "disruptive developers" will bring forth crypto's ChatGPT moment.

Sui's explosive TVL growth and rising Open Interest signal potential for further price gains.

The overall cryptocurrency market recovering impressively. Amid this, the SUI layer-1 blockchain is poised for a significant rally as its on-chain metrics flash a potential buy signal. SUI has shown impressive growth of 175% since the beginning of September 2024, and now investors and traders are making big bets on this layer-1 token.

Circle has introduced native USDC on the Sui blockchain, giving developers and users direct access to USDC without relying on bridges. This launch supports Circle's multi-chain approach, utilizing Sui's features for fast, secure, and scalable applications.

Bitcoin's price has shown resilience by staying just above the $62,000 mark, despite uncertainty in the market. Minor fluctuations have kept the price within a predictable range, while traders and investors await a potential breakout. The key resistance level remains at $65,000, a psychological threshold that could signal new upward momentum if breached.

Binance, one of the world's largest crypto exchanges, has issued a new notice that might interest EIGEN, PEPE and SUI traders.

Over the past 30 days Sui [SUI] has been on a roll, tripling its market capitalization and showing outstanding growth. Over 100% increase in value drove the token's market capitalization above $5 billion.