Odaily News Sui released a statement on X: "In response to the accusation that 'Sui insiders sold $400 million worth of tokens in this round of rally', Sui Foundation made the following response: 1. During this period, no insider, foundation or Mysten Labs (including the founder of Mysten Labs) employees or ML investors sold $400 million worth of tokens individually or collectively. Insiders did not participate in any pre-sales or violations of the lock-up period and circulation supply plan; 2. Although the poster did not provide a wallet address, we believe that the possible owner of the wallet is an infrastructure partner who owns the tokens according to the lock-up schedule. All token lock-up periods are executed by qualified custodians and continuously monitored by the Sui Foundation, and the partner complies with the regulations."