SUI Token Price Drops After Regulator Questions Supply Manipulation
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SUI token price drops 9% after South Korean regulator reportedly said he will check if Sui team is manipulating supply.
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Sui Foundation denies allegations, says supply info on website and API is accurate, and has cooperated with exchanges.
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SUI trading near all-time low of $0.3796, down 78% since debut in May.
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$336M of SUI tokens unlocked since issuance, with more scheduled for investors in 2024.
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Sui Foundation says it has not sold staking rewards or other locked tokens on exchanges.